Rupee against dollar: This RBI action may keep Indian currency in 75-76 range, say experts
INR vs USD: Indian rupee (INR) has zoomed 0.26 per cent in the early morning currency trade but due to the regular buying of US dollars by the Reserve Bank of India it may not allow the rupee to consolidate much.
RBI is buying dollar because of the mismatch between the inflows and economic uncertainty. To keep rupee in control, the RBI is buying dollars heavily. Photo: Reuters