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Rupee Takes a Hit, RBI Steps In, What a Show, Folks!

Rupee Takes a Hit, RBI Steps In, What a Show, Folks!

Folks, the rupee is weak—really weak! RBI tried to step in with some dollar sales, but it’s still slipping! We're at ₹90.64 per dollar, down 5.71% this year! Gold reserves? Dropping like a rock—$14 billion! Watch that 90.00 support, folks! This is a wild ride, and I told you so!

Quick rundown

  1. Rupee weakened due to falling domestic equities.
  2. RBI intervened with dollar sales to support the rupee.
  3. Rupee has depreciated by 5.71% this financial year.
  4. India's forex reserves fell by $6.7 billion recently.
  5. Gold reserves declined significantly impacting total reserves.

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  • Rupee Crashes to 91.96: A Total Disaster, Believe Me!
  • Rupee Takes a Hit, RBI Steps Up Like a Champion
  • India's Forex Reserves Crush Records Like A Champ
  • Rupee's Ready to Flex by March, Thanks to US Trade Deal

Series

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