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Rupee Steady As RBI Keeps Repo Rate Unchanged

INR

The RBI has left its Repo Rate unchanged at 6.50% today there was a unanimous decision in holding rates steady. Governor Das has said that the bank remains focused on withdrawing accommodation, 5 out of 6 members voted for the stance decision.

  • The rupee had a muted reaction to the RBI's decision holding steady in a narrow range thus far. USD/INR last prints at 82.57/59, little changed from opening levels.
  • 10 Year Bond Yields are up ~3bps rising to an intra-day high of 7.01%. In the domestic equity market with the Nifty is edging higher from pre-RBI levels.

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