Millennium Post

Re drops by 37p to 59.41 per $

Ahead of the RBI’s quarterly monetary policy review, the rupee on Monday snapped three days of gains and closed 37 paise lower, the most in a week, to 59.41 against the dollar.

A weak dollar overseas ahead of the US Federal Open Market Committee (FOMC) meet this week and fresh capital inflows restricted the rupee’s fall, said a forex dealer.
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