RBI's Smooth Moves: Managing Rupee Drop, Not Defending It

Yo, the Reserve Bank of India is keepin' it smooth, man. Instead of stressin' over the rupee's dip, they’re just cruisin' with the pace. It hit a low of 91.7450 to the dollar, but then bounced back to 91.55. Analysts predict it might slide to 94 by year-end, as cash flow slows down. RBI's been spendin' mad dough to keep it chill, but they’re takin' it easy on the defense.