Finance
Mr. BillionhairRupee's Wild Ride: DBS Bank Warns of Major Trouble Ahead!
Listen up, folks! The Indian rupee is on a slippery slope—DBS Bank says it might tumble to 93-94 against the dollar! It’s already hit a record low of 91.9850! The RBI is chill with a little dip, but we need BIG inflows! Trade deficits? Inflation? They’re real! Let’s make the rupee great again, folks! It’s gonna be HUGE!
few days ago | Reuters
Quick rundown
1.Indian rupee could weaken to 93-94 per US dollar.
2.Capital inflows dwindle, impacting the rupee's strength.
3.RBI may consider structural measures to support inflows.
4.FCNR scheme previously helped stabilize the rupee in 2013.
5.US-India trade deal could improve rupee's outlook.
