INR

92.710

United States Dollar

The rupee is likely to take cues from the RBI Monetary Policy to be announced later today. It is widely expected that the RBI would cut repo rates by 25 basis points and reduce the marginal standing facility for banks by 25 basis points.

The rupee has been rangebound in the last few weeks as the RBI has taken a number of steps to reduce volatility.

This has led to a surge in inflows from foreign fund into the Indian markets, which has also help support the rupee. Check currency rates here

GoodReturns.in