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Indian rupee strengthened against the US dollar on Tuesday supported by a weaker American currency ahead of the US Federal Reserve's last meeting minutes and the US Consumer Price Index release for September later this week. Meanwhile, investors also awaiting key policy decision by the RBI's Monetary Policy Committee headed by RBI Governor Shaktikanta Das, which could determine the movement in the rupee over the next few days. Moreover, lower crude oil prices also supported rupee sent...
Rupee strengthens against US dollar on Tuesday
The RBI’s monetary policy committee (MPC) meeting from October 7-9 is unlikely to cut the benchmark interest rate and a dovish tone could set the direction moving forward, industry experts said on Sunday. After the US Fed rate cut, all eyes are on the RBI MPC meeting scheduled to be held on October 7-9 whether it will follow the path shown by the Fed by starting the rate cut cycle or continue to maintain the status quo on both the policy rates and stance. “We feel that...
RBI MPC likely to maintain status quo on policy rates: Experts
The market outlook for next week will depend upon RBI MPC meet, IIP data, and the Q2 earnings season will kick off with key companies like TCS, IREDA Tata Elxsi and DMart among others which will drive stock-specific movements. The broader market's focus will be on the RBI's Monetary Policy Committee (MPC), which is scheduled to meet from October 7 to 9, with the outcome to be announced on Wednesday, October 9. According to the market experts, "The Reserve Bank of Indi...
Market Outlook: RBI MPC, Q2 results, IIP data key factors to watch next week
RBI Governor Begins Monetary Policy Speech
RBI Governor Begins Monetary Policy Speech
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