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7 Apr 2021

USD/INR Price News: Indian rupee slumps to six-week lows at 73.90 as RBI holds rates at record lows

The Reserve Bank of India (RBI) board members announced their decision to keep the benchmark policy rates on hold at record lows amid rising concerns that the second wave of coronavirus pandemic could threaten the nascent economic recovery.

Key takeaways

The RBI kept the repo rate or its key lending rate steady at 4% while the reverse repo rate or its borrowing rate was left unchanged at 3.35%.

The MPC judged that monetary policy should remain accommodative till prospects of sustained recovery are well secured.

The MPC voted unanimously to keep rates steady and retain the accommodative monetary policy stance.

Apr 7, 2021

AUD/USD faces a potential move to 0.7700 – UOB

FX Strategists at UOB Group see AUD/USD moving into a corrective upside with the likeliness of a move to 0.7700 in the next weeks. Key Quotes 24-hour

Natural Gas Futures: Extra losses in the pipeline

Open interest in Natural Gas futures markets rose for the second consecutive session on Tuesday, this time by around 1.5K contracts as per advanced fi