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Rupee Trades Lower At 69.41 Ahead Of RBI Policy Outcome Today
The Indian rupee on Thursday opened weak at 69.40, down 14 paise, in comparison to Tuesday's close of 69.26. On Wednesday, the currency and equity markets were closed on account of Ramzan Id.
The currency was last trading lower at 69.418 per US dollar.
On the last trading session, the rupee ended unchanged at 69.26 ahead of the crucial RBI monetary policy outcome due to be released today. RBI is expected to cut key policy rates by 25 basis points and change its stance to 'accommodative' from the earlier retained 'neutral' stance in the wake of the recent GDP numbers.
Meanwhile, Indian equities market trade lower, with Sensex down by 100 points at 39984.84 while Nifty also trades 12000.
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