Yesterday, the RBI hiked the policy rate for the first time in over four years — by 0.25 per cent — to curb inflationary pressures from high oil prices.
PTI
Updated:June 7, 2018, 9:53 AM IST
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Yesterday, the RBI hiked the policy rate for the first time in over four years — by 0.25 per cent — to curb inflationary pressures from high oil prices.
Weakness in the US dollar against other currencies, including the euro, limited the rupee’s fall, analysts said.
The rupee had ended at a fresh one-month high of 66.92 yesterday, surging 23 paise against the US dollar.
Meanwhile, the benchmark BSE Sensex was trading higher by 207.83 points, or 0.59 per cent, at 35,383.71 in opening deals.
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Source: News18