Indian rupee steady as markets await RBI policy decision
after close1 source ↓written by the desknot a recommendation
- per USD
- ₹83.50 to ₹83.60
- for the eighth
- 6.50%
The Indian rupee traded within a narrow range of ₹83.50 to ₹83.60 per USD as traders anticipated the Reserve Bank of India’s (RBI) monetary policy decision. The repo rate is expected to remain at 6.50% for the eighth consecutive meeting amid ongoing foreign portfolio outflows and high crude oil prices. This stability may reduce short-term volatility for crypto exchanges, but uncertainty could limit broader crypto investment until clearer guidance is provided.
Not investment advice. For informational purposes only.