Finance
Sher ShayarRBI Ka Jadoo: Rupee Ki Raksha Mein Swap Ka Khel
Arre suno, RBI ki chadar hai, jo rupee ko sambhalne aayi! Wednesday ko, traders ne kaha, dollar ki bazaar mein chhupa hai jaise chori ka chashma. Rupee thoda upar hai, par kabhi kabhi girta hai, jaise dil ka haal. Dollar ki kharid-farokht mein RBI ne swap ka jadoo chalaya, jaise shayari ki mehfil mein khud Siddhu Paaji aaye ho!
few days ago | Reuters
Quick rundown
1.RBI likely intervened to support the rupee.
2.Maturing contracts pressured the currency.
3.Spot dollar sales paired with swaps over 1 year.
4.State-run lenders acted on behalf of the RBI.
5.Rupee showed modest recovery after early dip.
