BusinessRupee Falls 10 Paise to 96.45 Ahead of RBI Policy Decision
The Indian rupee depreciated by 10 paise to 96.45 against the US dollar in early trade on Wednesday, ahead of the Reserve Bank of India's monetary policy meeting. The rupee is under pressure due to foreign fund outflows and a strong US dollar near multi-month highs. The RBI is expected to raise rates by 25 basis points and may increase the CRR by 1 percent to absorb liquidity.
Deccan Herald··Mumbai




