Finance
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Believe ItRupee's epic showdown: Trump’s tariff sends shockwaves!
Hey, believe it! The rupee was on a wild ride Tuesday, flexing its muscles to 89.74 per dollar thanks to RBI's dollar sales! But then, boom! Trump dropped a 500% tariff bomb, and the rupee crashed down to 90.03, marking a 5.06% dip this year. RBI tried to hold the line, but the dollar pressure was just too strong! Never give up, rupee! You got this!
few days ago | Anjali Kumari
Quick rundown
1.Rupee's rollercoaster ride due to RBI's dollar sales.
2.US tariffs and equity sell-off pressure the rupee.
3.Rupee closes at 90.03 per dollar despite RBI efforts.
4.Trump's tariff talk triggers market jitters.
5.RBI's limited intervention power amid global challenges.
