USDINR - Ways2Capital

USDINR trading range for the day is 66.87-67.42.

Rupee ended at one-month high after the Reserve Bank of India led MPC took a pre-emptive move by hiking interest rates at its June meeting.

India's central bank hiked interest rate for the first time in four years, marking the start of a modest tightening cycle.

The Reserve Bank of India hiked its repo rate by 25 basis points to 6.25% while keeping the monetary policy stance unchanged at 'Neutral.

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