Rupee remains stable at 95.37 ahead of RBI policy outcome
The Indian rupee closed nearly unchanged on Tuesday, trading within a narrow band. Importer hedging demand and FPI inflows supported the currency's stability. Caution ahead of the monetary policy announcement also influenced its movement. Brent cr...
By ET Bureau | Updated:
Agencies
The rupee closed at 95.37, compared with its previous close of 95.33.
Mumbai: The Indian rupee ended nearly unchanged on Tuesday as multiple factors, such as importer hedging demand, FPI inflows and caution ahead of the monetary policy, kept the currency in a narrow band.
The rupee closed at 95.37, compared with its previous close of 95.33. It traded in a range of 95.40 and 95.25, with a mildly positive bias. Brent crude prices were trading around $80-83 per barrel during the day.
Read Also: Sebi proposes depository receipts against REITs, InvITs units
The rupee closed at 95.37, compared with its previous close of 95.33. It traded in a range of 95.40 and 95.25, with a mildly positive bias. Brent crude prices were trading around $80-83 per barrel during the day.
Read Also: Sebi proposes depository receipts against REITs, InvITs units
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