Finance
Mr. ManagerRupee Takes a Plunge: Corporate Giants Demand Dollars!
Ladies and gentlemen, the Indian rupee is taking a wild plunge, dropping 0.1 percent to 89.97 per dollar! Why, you ask? Because corporate titans are hoarding dollars like they're going out of style! With trade volumes thinner than a whisper, the stakes are sky-high! The RBI is in the ring, but can it turn the tide? Stay tuned for this epic showdown!
few days ago | Anjali Kumari
Quick rundown
1.Rupee dipped 0.1% due to corporate dollar demand.
2.Thin liquidity led to minimal rupee movement.
3.Rupee weakened by 4.74% in 2025, a poor performance among Asian peers.
4.RBI's intervention helped rupee retrace below 90.
5.RBI's focus remains on volatility management, not defending specific levels.
