Finance
Mr. BillionhairRupee Takes a Huge Plunge: Worst Fall in Two Months, Folks!
Folks, the rupee just took a huge plunge! Closing at 90.82 per dollar, down 0.58% — unbelievable! Why? Importers are grabbing dollars like there’s no tomorrow! The RBI had to swoop in like a superhero to save the day. This year, the rupee is down a staggering 5.94%! I told you it was coming, folks! Tremendous pressure ahead, believe me!
few days ago | Anjali Kumari
Quick rundown
1.Rupee hits worst decline in two months due to dollar demand.
2.RBI intervenes to cap further losses in the forex market.
3.Indian currency is the worst performing in Asia on Friday.
4.FII outflows continue to pressure the rupee.
5.India-US trade deal delays affect market sentiment.
