Rupee lower ahead of key WPI data

Tags: Rupee, News
The rupee is trading lower at 62.18/19 versus Friday's close of 62.125/135. Dealers are


awaiting wholesale price-based inflation data due for release at 11.30 am for cementing views on the likely outcome of the Reserve Bank of India's monetary policy review on Wednesday.

Fed taper fears also weighing on INR with outcome due on Wednesday after RBI meet.

Last week, retail inflation spiked to its highest on record, raising expectations of another rate hike by the central bank and adding to the woes of the embattled government.

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