Rupee snaps 2-day losing streak; firms up 23 paise to 71.57/USD
Snapping its two-day losing streak, the rupee ticked higher by 23 paise to close at 71.57 per US dollar Tuesday amid fresh foreign fund inflows and gains in domestic equities. Forex dealers said investors were cautious ahead RBI’s Monetary Policy Committee outcome scheduled for February 7.“Rupee is consolidating in the range, as most of the Asian region’s markets shut for Lunar New Year holidays. Near term focus of domestic forex market will be on three-day central bank policy meet, starting Tuesday,” said V K Sharma, Head PCG & Capital Markets…
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