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Last Updated : Feb 06, 2020 12:27 PM IST | Source: Moneycontrol.com

Rupee trades lower at 71.25 per dollar

On February 5 the Indian rupee ended higher at 71.21 against the US dollar.

Representative image
Representative image

The Indian rupee is trading marginally lower at 71.25 per dollar, with buying seen in the domestic equity market post RBI kept the repo rate unchanged.

Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.15 percent.

Rupee opened marginally lower at 71.24 per dollar versus Wednesday's close 71.21.

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On February 5 the Indian rupee ended higher at 71.21 against the US dollar, as market participants await fresh cues from the RBI's monetary policy.

Oil futures rose for a second day on Thursday as investors took optimism around unconfirmed reports of possible medical advances to combat the coronavirus outbreak in China as a sign fuel demand could rebound in the world’s biggest oil importer.

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First Published on Feb 6, 2020 09:00 am

tags #Rupee

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