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Bloomberg Quint

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Image Credit: Bloomberg Quint

Rupee Closes 41 Paise Lower Against Dollar Ahead Of RBI Policy

  • The rupee closed weaker against the US dollar on Tuesday, extending its losses from the previous session.
  • Investors are expected to remain cautious ahead of the Reserve Bank of India’s policy decision and they will continue to assess the impact of US tariffs.
  • Traders will also shift focus to the RBI Monetary Policy Committee meeting on Wednesday.
  • Sharp rupee volatility could dent earnings of several sectors by up to 250 basis points in the next financial year.

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