Rupee stable at 95.33 against USD
The Indian Rupee is trading flat at around 95.33 against the US Dollar in the opening session on Tuesday.
The Reserve Bank of India’s monetary policy announcement on Wednesday is expected to be a key driver of the currency’s movement.
Analysts expect the RBI to maintain its current policy stance, with the benchmark repurchase rate likely to remain unchanged at 5.25%.
Inflation risks remain a concern due to higher global commodity prices, but the latest June CPI report showed a 4.4% YoY rise, within the RBI’s 2-6% target range.