Rupee Hits Two-Month Low Ahead of RBI Rate Decision
The Indian rupee declined to a two-month low amid equity outflows as investors awaited the Reserve Bank of India policy decision. A widely anticipated interest rate hike is expected to help protect the local currency.
The India rupee fell 0.1% to 96.42 per dollar during Tuesday's late evening session, hitting a two-month low. Local equity outflows weighed on the currency ahead of the central bank's policy decision.
