Comments
The Indian rupee declined against the US dollar after the Reserve Bank of India (RBI) unexpectedly kept the repo rate unchanged.
The rupee declined to an intraday low of at 82.06 per US dollar versus 81.88 before the RBI policy announcement.
The central bank surprised markets by keeping the key policy rate at 6.50 per cent. A large majority of economists, 49 of 62, had said the RBI would lift its repo rate by 25 basis points to a seven-year high of 6.75 per cent.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.