INR Vs USD: Investors were treading the cautious path ahead of the RBI policy decision
The rupee lost 26 paise against the US dollar in early trade on Wednesday ahead of the outcome of the fifth bi-monthly policy review of Reserve Bank of India, reported news agency Press Trust of India (PTI). Losses in the rupee came amid fresh demand for the dollar. The rupee also came under pressure following a downtrend in domestic equity markets amid foreign fund outflows. On Tuesday, the rupee had settled at 70.49 against the dollar.