![Trades focus on ECB and BoE policies as the rupee range-bound and the US dollar enjoys a winning streak.](https://market-tracker.in/wp-content/uploads/2022/05/rupee-skids-past-76-per-us-dollar-in-early-trade-1.jpg)
Trades focus on ECB and BoE policies as the rupee range-bound and the US dollar enjoys a winning streak.
Despite worries about the Chinese economy and a rise in the dollar’s value relative to its major rivals, the rupee has recently been stable in a range of 82.30 and 83.20. The RBI kept rates constant and kept its stance of withdrawing accommodating policy intact, as was expected. The RBI actively intervened to combat rupee’s…