FanzizFanziz
HomeFinanceCricketSoccerEntertainmentEsports
Menu
HomeFinanceCricketSoccerEntertainmentEsportsWWETennisHealth

Language

AllQuick ReadsFanzShots

RBI's Epic $10 Billion Strategy to Rescue the Rupee!

RBI's Epic $10 Billion Strategy to Rescue the Rupee!

Folks, let me tell you, the RBI just pulled off a massive $10 billion sale! That's right, ten billion! They’re trying to rescue the rupee, which was the absolute worst last year. They bought $18 billion but sold a staggering $28 billion! The rupee hit rock bottom at 91.0750. But don’t worry, it’s coming back, folks! Just wait for the trade deal magic! Huge things ahead!

Quick rundown

  1. RBI sold $10.02 billion net in forex market in December.
  2. Indian rupee hit a record low in December due to trade tensions.
  3. Rupee rebounded after US-India trade deal announcement.
  4. RBI intervenes to manage exchange rate volatility.
  5. Rupee closed at 90.9825, marking a steep weekly fall.

Related articles

  • RBI's FX Swap Auction is a Massive Success: 2.5x Bids!
  • Rupee Takes a Hit, RBI Steps Up Like a Champion
  • Rupee Takes a Plunge: RBI's Dollar Moves Save the Day
  • Rupee's Ready to Flex by March, Thanks to US Trade Deal
  • RBI Hits Home Run with $2 Billion FX Swaps for Rupee

Series

  • Indian Premier League
  • Pakistan Super League
  • South Africa Women tour of New Zealand
  • County Championship Division Two