Indian rupee sticks to low 22.85 to dirham after central bank leaves rates untouched

By Staff Reporter

Dubai: The India rupee remains stuck at its lowest level 22.85 to the dirham (83.94/83.95 to the dollar) after the Reserve Bank of India kept interest rates unchanged for a 10th straight time.

There had been some expectations that the banking regulator would give some indication of when it too would start on the rate cut cycle, in the way the US Federal Reserve did last month and could add another soon enough.

Source: Gulf News