नवीनतम
Rupee rises 5 paise to 83.92 against USD
MUMBAI [Maha Media]: The rupee appreciated 5 paise to 83.92 against the US dollar in early trade on Wednesday, ahead of the Reserve Bank of India's monetary policy announcement.
Forex traders said the spotlight is firmly on the RBI as it prepares to announce its monetary policy.
Most major central banks have pivoted toward rate cuts, with the US Fed being the latest to lower rates by 50 basis points. The RBI has maintained its accommodative stance. All attention now shifts to whether the central bank will move from its accommodative stance to a more neutral approach.
