The Rupee has unlocked marginally inferior at 66.72 a dollar on Tuesday, April 26 compared to 66.61 a dollar in earlier session. Ashutosh Raina,HDFC Bank said, “the crucial 2-day FOMC meeting starts today with market expectations of no rate action.”
Meanwhile, the statements subsequent the policy will be keenly analyzed.
As per the Raina’s statement , “ the USD-INR pair continues to trade in the Rs 66-67/USD range. He expects the pair to trade in this range awaiting the outcome from FOMC”.
