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Rupee's Epic Comeback: RBI's Dollar Sales Work Wonders!

Rupee'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.

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.

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  • RBI ne rupee sambhala, par trade talks pe sawaal hai kya?
  • Rupee ki kahani: Dollar se dosti ya dushmani?
  • Rupee hits 90, market in meltdown, RBI's struggle is real

Series

  • Indian Premier League
  • Pakistan Super League
  • South Africa Women tour of New Zealand
  • County Championship Division Two