Indian rupee holds steady as markets await RBI policy decision
The rupee remains steady today as markets await the RBI policy decision. Global risk aversion and a firm dollar limit gains despite a recent trade deal rally.
Insights:
The Indian rupee was expected to open flat and trade within a narrow range on Friday as market participants awaited the Reserve Bank of India policy announcement. Investors have largely priced in a status-quo decision, with expectations that the central bank will maintain its policy rate at 5.25%.
Market sentiment ahead of the decision in India 
IN has been shaped by a Reuters poll of 70 economists, in which 59 respondents forecast that the Reserve Bank of India would hold rates steady. This consensus has reinforced the view that the policy outcome is likely to be a near-term market event rather than a significant surprise for the Indian rupee .
IN has been shaped by a Reuters poll of 70 economists, in which 59 respondents forecast that the Reserve Bank of India would hold rates steady. This consensus has reinforced the view that the policy outcome is likely to be a near-term market event rather than a significant surprise for the Indian rupee .
