Finance
Mr. BillionhairRupee Takes a Hit, RBI Steps In, What a Show, Folks!
Folks, the rupee is weak—really weak! RBI tried to step in with some dollar sales, but it’s still slipping! We're at ₹90.64 per dollar, down 5.71% this year! Gold reserves? Dropping like a rock—$14 billion! Watch that 90.00 support, folks! This is a wild ride, and I told you so!
few days ago | Anjali Kumari
Quick rundown
1.Rupee weakened due to falling domestic equities.
2.RBI intervened with dollar sales to support the rupee.
3.Rupee has depreciated by 5.71% this financial year.
4.India's forex reserves fell by $6.7 billion recently.
5.Gold reserves declined significantly impacting total reserves.
