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Rupee@74 After RBI Keeps Key Rate Unchanged In Surprise Move
Rupee breached the 74-mark against US dollar for the first time. The reverse repo rate also remained unchanged at 6.25%. The RBI retained GDP growth estimate at 7.4% for FY19.
05 Oct 2018, 04:20 PM IST 
RBI Policy: GDP growth estimate was retained at 7.4% for fiscal year ending in March 2019.
The Reserve Bank of India (RBI) on Friday kept the repo rate (key lending rate) unchanged at 6.5 per cent. Meanwhile, rupee breached the 74-mark against US dollar for the first time, hitting a new low of 74.20 against the dollar soon after the RBI announced its monetary policy. Even as RBI Governor Urjit Patel said that the rupee fall is moderate in comparison to emerging markets peers, the rupee breached the 74-mark against the US d...
