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Rupee Recovers 6 Paise Against US Dollar Ahead Of RBI Policy Outcome

Amid fresh selling of US dollar by exporters and expectations ahead of RBI's monetary policy announcement, Rupee recovered 6 paise to 73.52 against the american currency in forex market today

Photo Credit : Reuters

1501664533_61K9C1_Rupee_Reuters.jpg

The rupee recovered 6 paise to 73.52 against the US dollar at the forex market today ahead of the RBI's monetary policy outcome amid fresh selling by exporters as the government stepped in to reduce oil prices.

Dealers said besides fresh selling of the US dollar by exporters, the greenback's weakness against some currencies overseas supported the rupee.

The domestic currency closed at a record low of 73.58, down by 24 paise or 0.33 per cent yesterday, marking its third straight session of losses.

Meanwhile, the benchmark BSE Sensex dropped by 231.16 points, or 0.66 per cent, to 34,938 in opening trade.


Tags assigned to this article:
rupee dollar reserve bank of india monetary policy
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