The rupee appreciated 20 paise to 89.69 against the US dollar ahead of the RBI’s policy decision, though pressure persists from FII selling, crude prices and trade-deal delays. Markets await possible rate-cut signals as inflation eases and growth strengthens
Forex traders expect the USD/INR pair to stay within a narrow range due to balanced dollar demand from foreign investors and oil companies, matched by supply from the Reserve Bank of India (RBI).
