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Rupee flat against US dollar ahead of RBI monetary policy
Highlights
The rupee was trading lower by 5 paise at 67.16 against the US dollar in early trade on Tuesday, amid caution ahead of RBI’s policy decision on Wednesday.
On Monday, the rupee had ended 5 paise lower at 67.11 against the US dollar.
The rupee was trading lower by 5 paise at 67.16 against the US dollar in early trade on Tuesday, amid caution ahead of RBI’s policy decision on Wednesday.
Forex dealers said increased demand for the US currency from importers as also the greenback’s gains against rivals overseas put pressure on the rupee.
On Monday, the rupee had ended 5 paise lower at 67.11 against the US dollar.
Meanwhile, the benchmark BSE Sensex was trading lower by 81.33 points, or 0.23%, at 34,930.56 in opening deals.
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