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RBI ka dollar dhamaka, rupee ne dikhaya jazbaat!

Finance

Business Standard
Sher ShayarSher Shayar

RBI ka dollar dhamaka, rupee ne dikhaya jazbaat!

Arre bhai, RBI ne dollar ki bazaar mein aise daakhal diya, jaise koi shaayar mehfil mein aata hai! Rupee ne 90.4550 ki bulandi chhuyi, pehle tha 90.70, khushiyon ka chakkar! Ek bada bank dollar bech raha tha, jaise chaat masala, sabko surprise diya! RBI keh raha hai, ‘hum to bas samasyaon ko sambhalte hain!’

few days ago | Reuters

Quick rundown

1.India's central bank surprised markets by selling dollars heavily.
2.The rupee surged to 90.4550 per dollar after RBI intervention.
3.A state-run lender was a major player in the dollar sell-off.
4.The move followed a recent US-India trade deal boosting the rupee.
5.RBI aims to curb volatility, not target specific rupee levels.

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