Finance
Mr. BillionhairRupee Takes a Dive, RBI Saves the Day, Believe Me!
Folks, the rupee is on a wild ride—five days down! But the RBI, our financial superhero, jumps in, selling dollars like hotcakes! It dipped to 91.06 but rallied back to 90.98. Global chaos? Everyone's flocking to gold! But don’t worry, we’re gonna turn this around, believe me! The rupee will rise again, folks!
few days ago | Anjali Kumari
Quick rundown
1.The rupee fell for the fifth consecutive session amid global risk-off sentiment.
2.RBI intervened in the forex market to prevent a new low for the rupee.
3.Gold and silver prices hit all-time highs due to global uncertainties.
4.US pressure on Greenland contributes to risk-off sentiment.
5.Foreign portfolio outflows continue to weigh on the Indian currency.
