Indian Rupee Drops Against U.S. Dollar After RBI Rate Cut
2019年4月4日 - 12:18PM
RTTF2
The Indian rupee declined against the U.S. dollar in the morning
session on Thursday, after the Reserve Bank of India reduced the
key interest rate and lowered the growth and inflation outlook.
The RBI slashed its repo rate by 25 basis points to 6 percent,
in line with economists' expectations.
The reverse repo rate was lowered to 5.75 percent and the
marginal standing facility rate was cut to 6.25 percent.
The Monetary Policy Committee decided to maintain the neutral
monetary policy stance, the RBI said.
"These decisions are in consonance with the objective of
achieving the medium-term target for consumer price index (CPI)
inflation of 4 per cent within a band of +/- 2 per cent, while
supporting growth," the bank said.
The rupee declined to 69.03 against the greenback from
yesterday's closing value of 68.64. Next key support for the rupee
is seen around the 71.00 region.
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