Rupee closed at 75.90 Against US dollar

Friday, Indian rupee raised 13 paise to 75.90 against the US dollar.
It was opened at 75.99 against the US dollar and touched an intra­day high of 75.70,
finally closed at 75.90, registered a rise of 13 paise over its previous close.
On Thursday, the rupee had declined 19 paise, closed at 76.03.

"Indian economy has high foreign exchange reserves, and that it stands ready to defend the economy" said by RBI Governor Shaktikanta Das during the Monetary Policy Announcement.

The MPC keeps the Repo rate unchanged at 4%, there is a raise in the Reverse repo rate by
40 bps to 3.75%, Consumer Price Index (CPI) inflation seen averaging 5.7% in FY23, these are the key points to be considered according to MPC announcement. 

Meanwhile, the dollar index, which measures the greenback's strength against a basket of six currencies, was trading 0.12 percent up closed at 99.87.

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