Finance
DoggfatherRBI's Dollar Moves: Rupee's Chill Zone and Gold Vibes
Yo, check it, the RBI's ready to snag some dollars if the rupee rolls into that 88-89 zone. Aditya Bagree, the market chief, says we chillin’ in the 90-91.25 range for now. Reserves are lookin’ fresh, boosted by gold vibes, but watch out for that debt game, g. Borrowing costs might rise, so keep it smooth and steady.
few days ago | Bloomberg
Quick rundown
1.RBI may start buying dollars as the rupee strengthens.
2.Rupee expected to trade between 90 and 91.25 per dollar.
3.India's foreign reserves hit a record $725.7 billion.
4.US tariff cuts on India offer potential rupee tailwind.
5.Heavy sovereign debt supply may raise borrowing costs.
