Rupee jitters: Traders eagerly await RBI's big call

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Rupee jitters: Traders eagerly await RBI's big call

Oh boy, the rupee is feeling a bit shaky at 89.45, holding its breath for the RBI's big decision! Traders are betting on a 25bps cut on December 5. The RBI is stepping up dollar sales to help out. Exporters should hedge a bit, while importers need to snag those dips. If GDP surprises us with some cash flow, the rupee might just breathe easier.

| Reuters