Rupee declines to 96.30 ahead of RBI policy meeting
pre-market1 source ↓machine-written, see hownot a recommendation
- to close
- 5 paise
- against the US
- 96.30
The rupee fell 5 paise to close at 96.30 against the US dollar, driven by elevated oil prices and ongoing foreign fund outflows. This depreciation may impact import costs and inflation expectations, influencing market sentiment ahead of the upcoming RBI policy meeting. Traders should monitor these developments closely.
Not investment advice. For informational purposes only.