The rupee traded marginally higher at 69.26 a dollar against 69.27 in previous session, after the Reserve Bank cut key interest rates by 0.25 percentage point. To boost the sagging economy, the RBI Thursday lowered its benchmark lending rate to a nearly nine-year low of 5.75 percent and changed its monetary policy stance to accommodative, leaving space for future rate cuts. Forex traders said investors welcomed the RBI policy decision as this would help to boost the slowing economy. For More Information Please Visit : www.dollaradvisory.com/index.php/welcome/freetrial and Call : +91 9111-179961The rupee traded marginally higher at 69.26 a dollar against 69.27 in previous session, after the Reserve Bank cut key interest rates by 0.25 percentage point. To boost the sagging economy, the RBI Thursday lowered its benchmark lending rate to a nearly nine-year low of 5.75 percent and changed its monetary policy stance to accommodative, leaving space for future rate cuts. Forex traders said investors welcomed the RBI policy decision as this would help to boost the slowing economy. For More Information Please Visit : www.dollaradvisory.com/index.php/welcome/freetrial and Call : +91 9111-179961
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