Summary:
Mumbai, Dec 8 (PTI) The Indian rupee fell to a near two-month low of 75.50 against the US dollar on Wednesday as RBI"s bi-monthly monetary policy decision failed to enthuse forex market participants.
Meanwhile, the Reserve Bank left the key policy rate unchanged and retained its accommodative policy stance to support economic growth.
At the interbank forex market, the local unit opened strong at 75.38 against the greenback but could not hold on to the gains and slipped into negative territory.
The local unit witnessed an intra-day high of 75.36 and a low of 75.57.
It finally ended at 75.50 against the American currency, registering a fall of 6 paise over its previous close of 75.44.
"Rupee has reacted slightly negative post RBI policy meeting.