Finance
Sock JohnsonRupee Takes a Hit, RBI Steps Up Like a Champion
Listen up, folks! The rupee just took a body slam to 91.71 per dollar, dropping 0.8% like it’s got no love for the dollar! With foreign investors bailing and the market feeling shaky, RBI’s stepping in, throwing down some serious moves to keep it from hitting that 92 mark. Stay tuned, because this financial showdown is just heating up!
few days ago | Anjali Kumari
Quick rundown
1.Rupee hits a new low at 91.71 per dollar.
2.RBI steps in with unofficial swaps to stabilize the rupee.
3.Persistent foreign outflows and global risks pressure the rupee.
4.Japan's yen carry trade unwinding affects emerging markets.
5.Rupee expected to test 92 per dollar soon.
