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USD/INR Flat After Reserve Bank of India Cuts Interest Rates

The Indian rupee traded about flat versus the US dollar today following an interest rate cut from India’s central bank. The bank loosened its monetary policy to support economic growth, which is struggling amid the global economic slowdown.

Indian Rupee Weakens After Central Bank Cuts Interest Rates

The Indian rupee fell against the US dollar today after India’s central bank cut interest rates.

Indian Rupee Falls vs. US Dollar After RBI Cuts Interest Rates

The Indian rupee fell against the US dollar today after India’s central bank decided to cut interest rates at today’s monetary policy meeting.

USD/INR Declines Following Thursday’s Interest Rate Cut

The Indian rupee traded higher versus the US dollar today following yesterday’s unexpected interest rate cut by the Reserve Bank of India.

Indian Rupee Stronger After RBI Policy Meeting

The Indian rupee managed to gain against the US dollar today following yesterday’s monetary policy meeting. While India’s central bank retained its dovish bias, it was not yet ready to make another reduction of borrowing costs.

Indian Rupee Drops as RBI Performs Another Interest Rate Cut

The India rupee dropped today after the nation’s central bank cut its interest rate, including the key Bank Rate. The bank also commented on the strength of the currency, considering it excessive. While the currency was down against the US dollar, it managed to outperform the extremely weak euro.

Indian Rupee Gains as RBI Remains Passive

The Indian rupee gained today as the nation’s central bank kept its interest rates stable, refraining from monetary easing. At the same time, Governor Raghuram Rajan hinted that the bank is able to cut borrowing costs if necessary.

Indian Rupee Erases Losses

The India rupee retreated today on speculations that the nation’s central bank intervened in order to prevent excessive appreciation of the currency that may hurt the country’s economic growth. The currency managed to pare losses and resumed its rally as of now.

Indian Rupee Falls, Still Looks Attractive

The India rupee fell today, and analysts say that the most likely reason for the drop is that local importers were buying dollars. The currency dropped even as economic data from the country was rather positive.

Rupee Strong as Indian Current-Account Deficit Narrows

The Indian rupee was strong today as the nation’s current account deficit fell to the lowest level in four years with the help of measures that limited gold imports.

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