Rupee hits record low after RBI rate decision
The Indian rupee weakened versus the U.S. dollar to a record low after the RBI raised its benchmark rates by 25 basis points and shifted to calibrated tightening.
S. dollar in the European session on Wednesday after the Reserve Bank of India raised its benchmark interest rates by 25 basis points and shifted its monetary policy stance to calibrated tightening. The Monetary Policy Committee announced the move in its latest decision.