<ul><li>The rupee weakened 20 paise to open at 86.45 against the US dollar, compared to its previous close of 86.25.</li><li>The rupee opened on the backfoot on Wednesday after closing sharply lower in the previous session, as traders turned cautious ahead of the Reserve Bank of India’s first monetary policy decision for financial year 2026.</li><li>Traders are bracing for the RBI’s policy decision, where a 25 basis point rate cut is widely expected. 'The rate cut and liquidity infusion may increase the rupee’s supply and pressurise it in the near term, but could boost spending and support growth in the medium term,' said Amit Pabari, managing director, CR Forex Advisors.</li><li>The rupee may face strong resistance around 86.40–86.50 levels, while 85.70 will act as key support.</li></ul>

Rupee Opens Weaker Ahead Of RBI Policy Decision

Discover more