Rupee Ends Higher At 71.53 Against Dollar

The Reserve Bank of India (RBI)'s Monetary Policy Committee is all set to meet on Thursday to review the financial situation of the country and suggest measures to boost the struggling economy. The MPC resolution will be posted on the RBI official website at around 11:45 AM.

It is widely expected that the Committee might, in fact, end up slashing repo rates yet again with an intention to boost equity indices, which would make it the sixth consecutive time that the RBI does so in the short-term lending rate in 2019.

Investors in the equity market will be watching the Committee's decision with a keen eye, as it could spell numbers amid concerns over the declining Gross Domestic Product (GDP) growth rate and a slowing economy.