Rupee Faces Dollar Demand Like a Ninja in Training

Hey, believe it! The Indian rupee is facing some serious challenges this week! With those tricky non-deliverable forwards, dollar demand is rising, and bond traders are on high alert. Last Friday, it closed at 89.85 per dollar, down 0.6%. If the RBI doesn’t jump in, we might see it slip past 90 again! But don’t lose hope—some investors still see value in our local bonds!