Finance
Sock JohnsonRupee Takes a Hit as Trump Unleashes 500% Tariff Chaos
Listen up, folks! The rupee was strutting its stuff at 89.74 per dollar on Tuesday, thanks to the RBI throwing some serious dollar punches. But then, bam! Trump drops a 500% tariff bomb, and the rupee tumbles to 90.03! The RBI tried to keep it in check, but the dollar demand was relentless! What a smackdown in the currency arena!
few days ago | Anjali Kumari
Quick rundown
1.Rupee's rollercoaster ride due to RBI's dollar sales.
2.US tariffs and equity sell-off pressure the rupee.
3.Rupee closes at 90.03 per dollar despite RBI efforts.
4.Trump's tariff talk triggers market jitters.
5.RBI's limited intervention power amid global challenges.
