Indian rupee steadies as markets await RBI policy decision
pre-market1 source ↓written by the desknot a recommendation
- per USD
- ₹83.50 to ₹83.60
- for the eighth
- 6.50%
The Indian rupee traded in a narrow range of ₹83.50 to ₹83.60 per USD as traders awaited the Reserve Bank of India's monetary policy decision. The repo rate is expected to remain at 6.50% for the eighth consecutive meeting amid foreign portfolio outflows and high crude oil prices. This stability may reduce short-term volatility for crypto exchanges, although policy uncertainty could limit broader crypto investments.
Not investment advice. For informational purposes only.