Indian Rupee Rises To 2-day High Against U.S. Dollar
07 Febbraio 2025 - 5:22AM
RTTF2
The Indian rupee strengthened against the U.S. dollar in the
European session on Friday.
In economic news, the Reserve Bank of India reduced its key
interest rates for the first time in nearly five years with an aim
to boost economic growth.
Under the leadership of newly appointed Governor Sanjay
Malhotra, the Monetary Policy Committee decided to reduce the
policy repo rate by 25 basis points to 6.25 percent from 6.50
percent.
This was the first reduction since May 2020. Markets widely
expected today's rate cut.
Against the U.S. dollar, the rupee advanced to a 2-day high of
87.283 from an early low of 87.585.
If the rupee extends its uptrend, it is likely to find
resistance around the 86.00 region.
Grafico Cross US Dollar vs INR (FX:USDINR)
Da Gen 2025 a Feb 2025
Grafico Cross US Dollar vs INR (FX:USDINR)
Da Feb 2024 a Feb 2025
