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RBI's T. Rabi Sankar Calls Out Banks for Rupee Drama

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RBI's T. Rabi Sankar Calls Out Banks for Rupee Drama

Yo, check it, RBI’s T. Rabi Sankar just dropped some truth bombs at the Paris confab. He’s callin’ out them banks for makin’ the rupee weaker while the West Asia scene is gettin’ wild. With all that dollar movin’, it’s like a game of musical chairs, but the rupee ain't got no seat, ya feel me? RBI’s got its eyes on the game, and they ain’t playin’ around, g.

few days ago | Bloomberg

Quick rundown

1.RBI criticizes forex market makers amid rupee weakness.
2.Deputy Governor T. Rabi Sankar addresses forex conference in Paris.
3.RBI imposes restrictions to curb rupee speculation.
4.Rupee gains 2% after RBI's intervention.
5.RBI's currency curbs are temporary measures.

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