The rupee was trading strong by 15 paise at 61.87 against the dollar at 3.40 pm local time as the >RBI today hinted at lowering policy rate early next year, if fiscal, inflation conditions improve.
After opening marginally strong at 61.99 per dollar against the previous close of 62.02, the domestic unit hovered in the range of 61.87 and 62.02 in the afternoon trade.
The countdown begins, will the RBI surprise us with rate cuts?
— Rajalakshmi Nirmal (@crajalakshmic)
>December 2, 2014Meanwhile, the Sensex fell 115.61 points or 0.4 per cent to 28,444.01 and the Nifty ended down by 31.2 points or 0.36 per cent at 8,524.70.