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RBI Hits the Dollar Store While Rupee Dances with Joy

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RBI Hits the Dollar Store While Rupee Dances with Joy

So, the RBI is on a dollar shopping spree, folks! They swooped in to grab a cool billion bucks on Thursday to pump up those reserves while the rupee is feeling fabulous after oil prices took a dive. It’s like the RBI is saying, ‘Hey, let’s keep this party going!’ The rupee is flexing its muscles, but the RBI's got a plan to keep things just right, like a perfectly baked pizza!

few days ago | Anjali Kumari

Quick rundown

1.Rupee gains as crude oil prices drop.
2.RBI buys dollars to boost forex reserves.
3.US-Iran peace talks influence currency market.
4.Rupee among top-performing Asian currencies.
5.RBI manages forward book amid global uncertainty.

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