The Indian rupee eased off against the U.S. dollar in evening deals on Thursday, after the Reserve Bank of India left its key interest rates unchanged and said that the surge in COVID-19 cases has hurt economic revival.

The Monetary Policy Committee decided to hold the repo rate unchanged at 4 percent, the central bank said in a statement.

The reverse repo rate was held steady at 3.35 percent and the marginal standing facility rate and the Bank Rate at 4.25 percent.

"The MPC also decided to continue with the accommodative stance as long as it is necessary to revive growth and mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward," the bank said.

The rupee pulled back to 74.85 against the greenback, from a 6-day high of 74.61 seen in the morning session. Next likely downside target for the rupee is seen around the 76.00 level.

US Dollar vs INR (FX:USDINR)
Gráfico Histórico de Câmbio
De Mar 2024 até Abr 2024 Click aqui para mais gráficos US Dollar vs INR.
US Dollar vs INR (FX:USDINR)
Gráfico Histórico de Câmbio
De Abr 2023 até Abr 2024 Click aqui para mais gráficos US Dollar vs INR.