The rupee closed at a record low of 90.41 amid strong importer dollar demand, Mexico’s tariff move, lack of the India-US trade deal, and continued FPI outflows, marking a 1% December drop and nearly 6% yearly depreciation.
RBI likely to keep status quo on policy rate as threats loom
A majority of economists polled by ET predict the Reserve Bank of India will hold its policy rate steady at the upcoming June meeting. This