Finance
Mr. BillionhairRupee Takes a Plunge: RBI's Dollar Moves Save the Day
Folks, the rupee just took a nosedive to 91.99 per dollar! Unbelievable! Thanks to those dollar-hungry outflows and a super strong dollar. The RBI swooped in, saving us from that 92 disaster! Some people are still dreaming of a trade deal with the US. I told you, it’s going to be tremendous, folks! Just wait and see!
few days ago | Anjali Kumari
Quick rundown
1.Rupee hits a new low of 91.99 per dollar.
2.RBI intervenes to prevent breaching 92 mark.
3.Dollar index rises to 96.77, adding pressure.
4.Kevin Warsh nominated to lead US Federal Reserve.
5.Trade deal hopes could stabilize the rupee.
