Mumbai, Oct 7: The rupee slumped 43 paise to close at 96.78 (provisional) against the US dollar on Wednesday, after the Reserve Bank of India raised the key benchmark policy rate by 25 basis points to 5.5 per cent. Market analysts said the RBI’s rate hike reflects rising cyclical inflation risks, while the shift in […]
Mumbai, Oct 7: The rupee slumped 43 paise to close at 96.78 (provisional) against the US dollar on Wednesday, after the Reserve Bank of India raised the key benchmark policy rate by 25 basis points to 5.5 per cent. Market analysts said the RBI’s rate hike reflects rising cyclical inflation risks, while the shift in […]This article was originally published by Theshillongtimes.
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