Archive · Business Recorder
Indian rupee to see mild pressure with RBI rate decision, liquidity measures in focus
MUMBAI: The Indian rupee is set to come under mild pressure at Wednesday’s open with investors focused on whether the central bank will deliver its first rate hike in more than three years and how it plans to manage surplus banking system liquidity. The Indian rupee is expected to open between 96.44-96.46, per traders, having settled at 96.42 to the dollar on Tuesday. All eyes will be on the Reserve Bank of India at 10:00 a.m. local time on Wednesday. A Reuters poll showed 35 of 61 economists expect the RBI to raise its repo rate by 25 basis points on Wednesday, while 26 expect no change. Swap...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →