01 Oct 2025 | 5 Mins Read
Indian Rupee Holds Steady Pre-RBI Rate Announcement
Flipitmoney
The rupee opened at 88.77 against the US dollar on October 1, a paise up from the previous day's low of 88.8850. Ahead of RBI's monetary policy decision, traders were cautious. Experts predict the RBI will maintain status quo on interest rates, considering higher growth in the first quarter and GST reforms data, with some expecting a 25 bps rate cut due to lower inflation.