 "Rupee continues to trade weaker; focus now on WPI, policy")
The rupee continues to trade weaker at 62.09/10 versus its close of 61.81/82 on Thursday as higher-than-expected retail inflation pushes up expectations of a rate hike by the central bank at its upcoming monetary policy review on December 18.
Weakness in domestic shares hurts the rupee. The BSE Sensex is trading down 1 percent.
Sharply higher food prices drove up retail inflation to 11.24 percent in November from 10.17 percent in October, data released on Thursday shows.
Traders are now awaiting the wholesale price inflation data on Monday for a further confirmation of their rate hike bets ahead of the policy review.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app