USDINR trading range for the day is 66.82-67.19. Rupee appreciated on overseas inflows into local shares amid dollar selling by foreign banks on behalf of exporters. The Monetary Policy Committee changed the outlook on the Reserve Bank’s monetary policy to “neutral” from “accommodative” on inflation concern.
RBI after keeping repurchase rate unchanged the central bank said that its policy stance has shifted from ‘accommodative’ to ‘neutral’.
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