Indian Rupee Advances To 2-day High Against U.S. Dollar After RBI Decision
08 April 2022 - 12:30PM
RTTF2
The Indian rupee climbed against the U.S. dollar in morning
deals on Friday, after the Reserve Bank of India left its key
interest rate unchanged, as widely expected, and maintained its
accommodative stance.
The Monetary Policy Committee of the RBI, led by Governor
Shaktikanta Das, unanimously decided to retain the policy repo rate
at 4.00 percent. The reverse repo rate was left unchanged at 3.35
percent.
The marginal standing facility rate and the bank rate were also
left unchanged at 4.25 percent.
The rupee rose to a 2-day high of 75.72 against the greenback,
from Thursday's close of 75.89. The rupee is seen finding
resistance around the 74.00 mark.
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