<p>The rupee recovered from a five-week low hit on Tuesday to end the session with mild gains on the back of a falling dollar, but the outlook for the local currency remains weak after RBI kept interest rates unchanged.<br /><br /></p>.<p>The disappointment over RBI’s decision to keep the repo rate on hold at 8 per cent was compounded after the central bank signalled no further policy easing would take place until the January-March quarter of next year.<br /><br />The focus will now remain on the government to continue its commitment with tangible steps towards reviving growth and shoring up the country’s finances, analysts said.<br /><br /> The partially convertible rupee ended at 53.96/97 per dollar, higher than its previous close of 54.08/09. It fell to a session low of 54.195, its lowest since September 21.<br /></p>
<p>The rupee recovered from a five-week low hit on Tuesday to end the session with mild gains on the back of a falling dollar, but the outlook for the local currency remains weak after RBI kept interest rates unchanged.<br /><br /></p>.<p>The disappointment over RBI’s decision to keep the repo rate on hold at 8 per cent was compounded after the central bank signalled no further policy easing would take place until the January-March quarter of next year.<br /><br />The focus will now remain on the government to continue its commitment with tangible steps towards reviving growth and shoring up the country’s finances, analysts said.<br /><br /> The partially convertible rupee ended at 53.96/97 per dollar, higher than its previous close of 54.08/09. It fell to a session low of 54.195, its lowest since September 21.<br /></p>