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How you doin'? Rupee hits 90, what a wild ride, huh?

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How you doin'? Rupee hits 90, what a wild ride, huh?

Hey, how you doin'? So, the rupee just smashed through 90! It’s like, whoa! Down 5% this year, and guess what? It’s the worst in Asia! Capital outflows and US trade drama are the bad guys here. RBI’s just chillin', smoothing things out. Analysts think it might hit 94 by 2026. But hey, no worries, just need a trade deal, right?

few days ago | Anjali Kumari

Quick rundown

1.The rupee has slipped past the 90 per dollar mark, causing quite a stir in the forex market.
2.It's officially the worst-performing currency in Asia this year, with a 5% drop.
3.Traders are seeing limited intervention from the RBI, which is focusing on smoothing volatility.
4.Analysts predict the rupee could reach 94 per dollar by 2026, so hold onto your wallets!
5.The ongoing US trade negotiations are viewed as crucial for stabilizing the rupee's value.