- Indian rupee drops most in week to 59.41 vs US dollar ahead of RBI reviewRBI monetary policy review: Cbank hints at status quo as focus on Indian rupeeBSE Sensex down 155 pts to near 3-wk low ahead of RBI monetary policy review'I am a little worried. Now there is 10-20 per cent chance that we might see 1991 again'
The rupee today lost 31 paise to 59.72 against the dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency against euro overseas. Increased month-end dollar demand from importers also put pressure on the rupee. Dealers attributed the rupee's fall to dollar gains against the euro overseas and cautiousness ahead of the RBI monetary policy review today but a higher opening in the domestic stock market, restricted the fall. The rupee had lost 37 paise, the most in a week, to close at Rs 59.41 yesterday against the dollar. Meanwhile, the BSE benchmark Sensex rose by 27.31 points, or 0.13 per cent, at 19,620.57 in early trade today.