8/2/2024, 10:42:02 pm

Rupee settles on a flat note at 82.96 after RBI monetary policy decision

The Indian rupee remained steady at 82.96 against the US dollar, as the RBI kept the key policy rate unchanged for the sixth time and revised GDP projections higher for FY24. The rupee touched an intraday high of 82.89 and a low of 83 during the day, but lost gains due to negative domestic equities and a recovering US dollar. The RBI also emphasized on closely monitoring food inflation.