Rupee rises 20 paise to 89.69 against US dollar ahead of RBI’s monetary policy decision
Mumbai, Dec 5 (PTI) The rupee appreciated 20 paise to 89.69 against the US dollar in early trade on Friday, ahead of the Reserve Bank’s monetary policy decision. Forex traders said investors remain cautious ahead of the RBI’s monetary policy decision, noting that a neutral stance may not shake markets much. But any hint of a rate cut could put fresh pressure on the rupee, especially given the currency’s already fragile state, they added. Moreover, selling pressure from foreign investors, rising crude oil prices and the delay over the announcement of the India-US trade deal have also weighed on the