Rupee ends almost flat at 69.28 against dollar after RBI cuts rate
The Indian rupee recouped most of its early losses and closed marginally lower at 69.28 to the US dollar after the Reserve Bank in a widely expected move cut key interest rates by 0.25 percentage point.To boost the sagging economy, the RBI Thursday lowered its benchmark lending rate to a nearly nine-year low of 5.75 per cent and changed its monetary policy stance to accommodative, leaving space for future rate cuts.After opening on a weak note at 69.41 at the interbank forex market, the Indian unit fell further to 69.45…
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