The Indian rupee trimmed its early losses against the U.S. dollar in afternoon deals on Monday, as the Reserve bank of India decided to keep its key interest rates steady as expected.
The RBI, led by Governor Duvvuri Subbarao, maintained its repo rate to 7.25 percent and the reverse repo rate at 6.25 percent.
The central bank has reduced its key rates thrice this year to revive the flagging economic growth.
The RBI today maintained its cash reserve ratio, or CRR, at 4.00 percent. The bank last slashed the CRR by 25 basis points in January.
The rupee gained to 57.615 a dollar, snapping back from a low of 57.87 touched in prior deals. Further upside, the rupee has resistance around 56.8 area.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.