Finance
Mr. BillionhairRupee Makes a Tiny Comeback, Dollar Demand Steals Spotlight
Listen up, folks! The rupee is making a tiny comeback—thanks to Muthoot Finance raising an incredible $600 million! It peaked at 90.07 per dollar, but then—boom!—importer dollar demand crashed the party, settling at 90.36. FII outflows? A total disaster! And where’s the RBI? Nowhere to be found! Liquidity is surplus, folks, just like my rallies! Tremendous!
few days ago | Anjali Kumari
Quick rundown
1.Rupee gains on Muthoot Finance's fund inflows.
2.US-India trade deal sparks mixed rupee reactions.
3.Rupee depreciated 5.41% this financial year.
4.RBI's liquidity measures keep banking system afloat.
5.Traders await RBI's Monetary Policy Committee meeting.
