Rupee up vs dollar; 25 bps repo cut likely - The Economic Times
Source : The Economic Times
The rupee was up in a trading day that has seen 54.21-54.40 range so far. The rupee was trading at 54.29/30, off 54.21 highs, vs 54.41/42 last close.
The rupee fell from high after high CPI pared some rate cut hopes.
The euro also struggled against a broadly firmer dollar, weighed down by political uncertainty in Italy and the contrast between a brightening US economic outlook and faltering growth in the euro zone.
Most respondents in a RBI poll expect the central bank to cut repo rate by 25 bps on March 19.
The rupee fell from high after high CPI pared some rate cut hopes.
The euro also struggled against a broadly firmer dollar, weighed down by political uncertainty in Italy and the contrast between a brightening US economic outlook and faltering growth in the euro zone.
Most respondents in a RBI poll expect the central bank to cut repo rate by 25 bps on March 19.
Source : The Economic Times
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