Rupee lower on Asian forex weakness

Tags: Rupee, News
The rupee is lower tracking weakness in Asian FX; pair at 61.96/97 versus Tuesday's close of 61.88/89. Dealer tips 61.70-62.20 band for the session.

The yen was on the back foot early on Wednesday with investors unwilling to take aggressive bets ahead of the outcome of the Bank of Japan policy meeting.

RBI panel suggests targeting consumer price inflation, which may mean higher interest rates may remain longer.

Tuesday saw bullish engulfing candle that gives bulls confidence.


  • Monetary policy review needs to look beyond key policy rate

    After changes in the interest rate cycle direction, expectation of some action on rates is high before every monetary policy review of the Reserve Ban


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Arun Kumar Jain

India in a new age work order

There are three broad categories of people in the world ...

Rajgopal Nidamboor

The balancing act of nature

It’s a fact of modern life that you and I ...

Dharmendra Khandal

For a lark, let's do something serious finally

It’s a sight to behold. As you drive through a ...


William D. Green

Chairman & CEO, Accenture