The rupee gained in early trade on Monday as risk assets rallied after Greece elections gave a slim majority to pro-bailout parties, with the focus shifting to the central bank policy decision later in the day.
The RBI is widely expected to cut interest rates by at least 25 basis
points and may also cut the cash reserve ratio.
On Monday morning, the rupee was at 55.36/38 to the dollar versus its Friday close of 55.39/40 Friday as per SBI data. (curtsey: economic times)
Rupesh Yatesh Dalal
Head Research Department
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