Rupee takes a dip but RBI steps in to save the day

On Friday, the rupee took a little tumble as local stocks slipped, making investors a bit jittery. The Reserve Bank of India swooped in to save the day by selling dollars, keeping the rupee at ₹90.64. Despite a rough start to the year with a 5.71% drop, it did manage a little bounce back in February. Looks like the rupee needs to find its footing again!