It slid to an all-time low of 73.81 per dollar due to rising crude prices and reports that the RBI "cannot afford" a special swap window for oil importers to meet the dollar demand. "It is because of the higher oil prices that weigh on the sentiment".
Anticipation of a rate hike has increased in the past month as oil prices climbed, the rupee's slide accelerated and concerns on liquidity emerged.
"However, if oil comes down to $75 a barrel, then the rupee is expected to retract significantly against the greenback", he noted.
The central bank made a decision to hold the meeting when the country is facing the continuous threat of devaluation of the Indian rupee against the USA dollar, rising crude oil prices and liquidity issue.
Thirdly, global financial markets remained volatile with EME currencies depreciating significantly.
Amazon increases minimum wage for all U.S. employees to $15 an hour
The median Amazon worker was paid $28,446 a year ago , according to company filings, which translates to about $13.68 an hour. The company announced that the minimum wage will be 10.50 pounds an hour in London and 9.50 pounds in other parts of the UK.
Google Assistant is getting an updated UI for mobile devices
It has taken a while for these updates to roll out, but we've seen a few of them trickle in over the last few months . There should be more visual elements on supported queries, and Google is adopting more Material Design cues as well.
Microsoft's Windows 10 October 2018 update is out now
This is after Apple introduced the same support to their iOS devices recently and it is great Microsoft is upto snuff with this. Then there's Windows Timeline on Phone that performs a similar function and lets you find websites and files across devices.
"Fuel and gas prices are on fire and markets are scurrying".
She said: "For bond markets, a 25 bps hike accompanied by a hawkish stance could trigger the 10-year bond yield to rise to 8.25 percent".
Meanwhile, the BSE benchmark Sensex dropped by 137.62 points, or 0.38 per cent, to 36,388.52 in opening trade Wednesday. One economist expected a 50 basis point hike to 7%. To alleviate cash crunch fears, the RBI has unexpectedly outlined a large bond purchase programme worth Rs 34,000 crore for October on top of Rs 20,000 crore of purchases last month.
Anindya Banerjee, deputy vice president, currency derivatives at Kotak Securities, added: "The RBI is ready to keep real rates high because the policy mandate is to anchor inflation".
US Treasury yields jumped to multi-year peaks on Wednesday, with the 10-year yield reaching a seven-year high after Wednesday's robust data bolstered the case for the Fed to raise interest rates again in December and beyond.