 "Rupee gains on Greek bailout, RBI may cut rates")
The rupee gained in early trade on Monday as risk assets rallied after Greece elections gave a slim majority to pro-bailout parties, with the focus shifting to the central bank policy decision later in the day.
[caption id=“attachment_347132” align=“alignleft” width=“380” caption=“On Monday morning, the rupee was at 55.36/38 to the dollar. Reuters”]  [/caption]
The RBI is widely expected to cut interest rates by at least 25 basis points and may also cut the cash reserve ratio.
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On Monday morning, the rupee was at 55.36/38 to the dollar versus its Friday close of 55.39/40 Friday as per SBI data.
Reuters
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