Indian Rupee Appreciates Against U.S. Dollar As RBI Pauses Interest Rate Hike
05 Abril 2023 - 11:31PM
RTTF2
The Indian rupee firmed against the U.S. dollar in afternoon
deals on Thursday, as India's central bank decided to leave its key
interest rates unchanged, but signalled willingness to act as
required in the future.
The monetary policy committee of the Reserve Bank of India
unanimously voted to keep the policy repo rate unchanged at 6.50
percent. Markets widely expected a quarter-point increase.
The standing deposit facility rate remained unchanged at 6.25
percent and the marginal standing facility rate and the Bank Rate
at 6.75 percent.
The rupee touched 81.82 against the greenback, its highest level
since March 13. The currency is seen facing resistance around the
79.00 level.
US Dollar vs INR (FX:USDINR)
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US Dollar vs INR (FX:USDINR)
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De Sep 2022 a Sep 2023
