Finance
Mr. ManagerRupee's Epic Struggle: RBI Steps Up to Save the Day
Ladies and gentlemen, the rupee is battling it out in the financial arena! On Tuesday, it plunged for the fifth straight session, landing at 90.98 per dollar. But fear not! The RBI, our fearless guardian, intervened to prevent a catastrophic fall to 91.06! With global chaos swirling, can the rupee rise to glory? Only time will tell!
few days ago | Anjali Kumari
Quick rundown
1.The rupee fell for the fifth consecutive session amid global risk-off sentiment.
2.RBI intervened in the forex market to prevent a new low for the rupee.
3.Gold and silver prices hit all-time highs due to global uncertainties.
4.US pressure on Greenland contributes to risk-off sentiment.
5.Foreign portfolio outflows continue to weigh on the Indian currency.
