Finance
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Believe ItRBI's Epic $7.4 Billion Buy: A Ninja Move for the Rupee!
Hey, believe it! The Reserve Bank of India just pulled off an epic buy of $7.4 billion in February, the biggest since March 2025! They jumped into action to save the rupee from a crude oil crisis, buying $21.4 billion and selling $13.99 billion. But the battle's not over yet; the rupee's still fighting hard! Keep your head up, like a ninja ready for anything!
few days ago | Anjali Kumari
Quick rundown
1.RBI net bought $7.4 billion in February, highest since March 2025.
2.Rupee declined over 4% due to crude oil price spike.
3.REER of Indian rupee fell to 92.72 in February.
4.RBI's net short dollar position rose to $77.67 billion.
5.Rupee under pressure despite stable peer currencies.
