Finance
DoggfatherRupee Faces Pressure as Dollar Demand Rises, RBI on Alert
Yo, the Indian rupee's feelin' the pressure this week, ya dig? With them non-deliverable forward positions comin' back, dollar demand's risin' like a hot track. Closed at 89.85 per dollar, slippin' 0.6% this week. If the RBI don’t step in, we might see 90 again, fo' shizzle. Foreign investors pullin' out cash, but some still see value in local bonds, keepin' it real.
few days ago | Reuters
Quick rundown
1.The Indian rupee faces pressure from maturing NDF positions.
2.Foreign investors are pulling out a record $18 billion from Indian stocks.
3.The RBI announced a ₹2 trillion bond purchase to stabilize yields.
4.Stalled India-US trade talks add to the rupee's woes.
5.Bond yields are expected to fluctuate within a defined range.
