Tag: rbi reverse repo rate

The Indian rupee’s direction on Thursday will be impacted by RBI’s policy decision, per a Reuters report. The Reserve Bank of India (RBI) has possibly been selling dollars to prevent the rupee from weakening below what is regarded a highly important level, according to traders.The RBI, at 10.00 a.m. IST, is not expected take any rate action, though the decision is now seen less of a formality in the wake of a jump in food prices.The key change to watch for would be the RBI’s assessment on a...