Finance
Mr. BillionhairRupee Roars Back as Crude Prices Plummet to $90
Ladies and gentlemen, the rupee is making a fantastic comeback! Crude prices took a nosedive from a whopping $116 to a mere $90, and guess what? The dollar index is slipping faster than a bad reality show! RBI’s stepping in like a champ to keep things in check. Bonds are shining bright, folks! It’s a tremendous win for everyone. I told you so!
few days ago | Anjali Kumari
Quick rundown
1.Rupee bounced back as crude prices fell sharply.
2.Brent crude dropped from $116.8 to around $90 per barrel.
3.Reserve Bank of India possibly intervened to stabilize the rupee.
4.Trump's comments on Iran and oil prices improved risk sentiment.
5.Bond yields eased with RBI's continued liquidity support.
Quick rundown
1.Rupee bounced back as crude prices fell sharply.
2.Brent crude dropped from $116.8 to around $90 per barrel.
3.Reserve Bank of India possibly intervened to stabilize the rupee.
4.Trump's comments on Iran and oil prices improved risk sentiment.
5.Bond yields eased with RBI's continued liquidity support.