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Rupee gains 39 paise ahead of RBI policy as crude oil prices decline
['Telangana Today']
Telangana Today
Rupee gains 39 paise ahead of RBI policy as crude oil prices declineThe rupee appreciated 39 paise to 94.89 against the US dollar in early trade, buoyed by lower crude oil prices and optimism over US-Iran talks.
Investors are now awaiting the RBI's monetary policy decision for fresh cues on interest rates and inflation.
Forex traders said investors are closely awaiting the upcoming RBI monetary policy decision for further cues.
At the interbank foreign exchange market, the rupee opened at 94.90, then touched 94.89, registering a gain of 39 paise from its previous close.
The RBI policy decision is widely expected to keep the repo rate unchanged at 5.25 per cent.