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The Economic Times
The Economic Times

Rupee closes at 95.78 vs USD ahead of crucial central bank rate review

RBI United States Reserve Bank of India India Monetary Policy

The Indian rupee dipped on Thursday, extending a two-session decline, ahead of Friday's all-important Reserve Bank of India monetary policy review, where traders are widely anticipating steps to support the currency.

The rupee closed at 95.7850 per U.S. dollar, from 95.7050 on Wednesday. The currency meandered in a narrow range through the session, ‌pressured by ⁠weaker Asian ⁠peers and importer hedging after a central bank intervention-led relief rally.

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