FanzizFanziz
HomeFinanceCricketSoccerEntertainmentEsports
Menu
HomeFinanceCricketSoccerEntertainmentEsportsWWETennisHealth

Language

AllQuick ReadsFanzShots

Rupee's battle: RBI steps in to save the day, believe it!

Rupee's battle: RBI steps in to save the day, believe it!

Hey, listen up! On Friday, the rupee took a hit as stocks took a tumble, making investors a bit nervous. But the RBI swooped in like a ninja, selling dollars to stabilize the rupee at ₹90.64! It’s down 5.71% this year, but hey, February showed some promise! Trade deals can’t bring it down; we’re not giving up, believe it!

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.

Related articles

  • Rupee ki dollar se choti si dosti, 92 se door raha aaj!Rupee ki dollar se choti si dosti, 92 se door raha aaj!
  • Rupee Takes a Chill Pill, Hits 91.96 Per Dollar LowRupee Takes a Chill Pill, Hits 91.96 Per Dollar Low
  • Rupee Takes a Hit, RBI Steps Up Like a ChampionRupee Takes a Hit, RBI Steps Up Like a Champion
  • India's Forex Reserves Crush Records Like A ChampIndia's Forex Reserves Crush Records Like A Champ
  • Rupee's Ready to Flex by March, Thanks to US Trade DealRupee's Ready to Flex by March, Thanks to US Trade Deal

Series

  • Indian Premier League
  • Pakistan Super League
  • New Zealand tour of Bangladesh
  • India Women tour of South Africa