scorecardresearchRupee tipped to open higher as oil slips to 5-month low; RBI policy eyed

Rupee tipped to open higher as oil slips to 5-month low; RBI policy eyed

Updated: 05 Aug 2022, 08:28 AM IST
TL;DR.
The Reserve Bank of India (RBI) policy decision will set the intraday direction for the rupee, traders said.
A fruit vendor counts Indian rupee notes in Mumbai on May 9, 2022. - The Indian rupee plunged to a fresh all-time low against the US dollar on May 9, as aggressive US monetary policy roiled sentiment and foreign investors continued to dump domestic stocks. (Photo by INDRANIL MUKHERJEE / AFP)

A fruit vendor counts Indian rupee notes in Mumbai on May 9, 2022. - The Indian rupee plunged to a fresh all-time low against the US dollar on May 9, as aggressive US monetary policy roiled sentiment and foreign investors continued to dump domestic stocks. (Photo by INDRANIL MUKHERJEE / AFP)