Rupee turns weaker ahead of RBI policy outcome
Mumbai, Jun 5 (DIN NEWS) The rupee today weakened further against the US dollar in choppy trade, falling by another 4 paise to end at 67.15 ahead of tomorrow’s RBI policy outcome. Trading was largely confined to a tight range for most part of the day with no directional strength and market moving factors. Currency traders and speculators were also cautious ahead of the rate-setting Monetary Policy Committee’s review decision tomorrow. Expectations of capital inflows and some dollar selling by foreign banks, however, helped the Indian currency to trim some early…
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