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Rupee's Enchanted Battle: RBI's Dollar Spells Prevail!

Rupee's Enchanted Battle: RBI's Dollar Spells Prevail!

In the magical land of finance, our valiant rupee has plummeted to a new low of 91.99 per dollar, wrestling with the mighty dollar and pesky outflows from the equity cauldron. On this fateful Friday, the RBI wizards conjured dollar spells to protect our currency from the perilous 92 mark, while whispers of a trade pact with the US twinkled like stars in the night sky.

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.

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