Rupee hits 2 month low ahead of RBI policy review
Jan 27 2014 , Mumbai
Dealers will closely watch for RBI intervention at current levels after the RBI was suspected to have sold dollars in late session on Friday.
The RBI to decide on rates on Tuesday. While the consensus still is towards no hike in policy rates, RBI chief Raghuram Rajan's comments will be closely watched for future rate trajectory after his recent hawkish comments.
Scotiabank says looking at the next key topside level of 63.90, the top of the November move higher in USD/INR, ahead of the pivotal 64.00 point.