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Rupee gains after RBI policy review

Month-end demand from importers is seen aiding the pair

<a href="http://www.shutterstock.com/pic-145704104/stock-photo-indian-currency-rupees-and-coins.html?src=p5N32CFr8-mqwY5wKad6IA-1-63" target="_blank"> Rupee image </a> via Shutterstock.com

Reuters

The rupee fell to as low as 61.71 after the RBI policy review before gaining to trade at 61.59.

The rupee/dollar pair closed Monday at 61.53/54.

The RBI kept its key policy repo rate unchanged at 8% on Tuesday.

The dollar is on track to post its biggest monthly gain in over a year.

Asian currencies are trading mixed versus the dollar.

Month-end demand from importers is seen aiding the pair.

Nifty is trading up 0.87%.

 

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First Published: Sep 30 2014 | 1:10 PM IST

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