Finance
EnglishRupee's Epic Comeback: RBI's Dollar Sales Work Wonders!
The Indian rupee pulled off a stunning comeback on Friday, soaring 1.1% to 89.29 per dollar, thanks to the Reserve Bank of India's dollar-selling spree. This was its biggest one-day gain in over three years! After a shaky week, traders are buzzing about more dollar sales next week as the RBI keeps a close watch on the currency's performance.
few days ago | Anjali Kumari
Quick rundown
1.Indian rupee posts strongest single-day gain in over three years.
2.RBI's aggressive dollar sales curb rupee's depreciation.
3.Rupee becomes best-performing Asian currency on Friday.
4.RBI intervened with $3 to $5 billion to stabilize the rupee.
5.India's foreign exchange reserves rise to $688.949 billion.
