Indian rupee Vs dollar today: Rupee surges ahead of RBI monetary policy
Indian Rupee was trading at 64.926 up 0.020 points or 0.03% against US dollar.
Indian Rupee was trading below 65-mark against US benchmark dollar index in the forex market on Wednesday. In early trade, the domestic currency edged 4 paise higher to 64.97 against the dollar in on increased selling of the greenback by exporters and banks ahead of Reserve Bank of India's first bi-monthly monetary policy meet for FY19.
At around 1005 hours, the Indian Rupee was trading at 64.926 up 0.020 points or 0.03% against US dollar.
Forex dealers in a PTI report said weakness in the dollar against other currencies overseas on escalating US-China trade worries and a higher opening of the domestic equity market too supported the domestic unit.
The six-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, is to meet on April 4 to discuss the first bi-monthly monetary policy of fiscal year FY19, the announcement of the decision will be made on April 05.
In previous trading session, the Indian currency strengthened by 17 paise to close at 65.01 per dollar on fresh selling of the dollar.
Meanwhile, the benchmark BSE Sensex was trading at 33,475.78 above 105.15 points or 0.32%, however in early trade, the index was trading 98.15 points, or 0.29%, higher at 33,468.78 in opening trade. On the other hand, Nifty 50 surged by 24.70 points or 0.24% trading at 10,269.70.