Rupee falls slightly; RBI policy in focus

Tags: Rupee, News
The rupee slips to 59.1650/1700 from its previous close of 59.10/11 as the dollar strengthens against Asian currencies but broader falls in the Indian unit are seen capped ahead of the RBI's monetary policy review on Tuesday.

Almost all Asian currencies also trading weaker against the dollar.

All but three of the 52 economists polled by Reuters expect the RBI to hold key policy rates steady in its monetary policy review on Tuesday.

The rupee is seen trading in 59.10 to 59.30 range during the session.

EDITORIAL OF THE DAY

  • Public sector banks need to be independent of govt ownership

    The RBI, in its financial stability report released last week, has flagged off concerns about the deteriorating asset quality of public sector banks.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Simon J Evenett

Will Germany be able to deliver?

The BRICS aren’t the only countries whose stature has grown ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Gautam Gupta

The ‘fake’ issue needs to be taken seriously

E-commerce players are witnessing unbelievable growth globally. Competition is increasing ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture