Finance
DoggfatherRupee dodges new low as RBI keeps it smooth and steady
Yo, the rupee's been slippin' for five days straight, feelin' that global chill. RBI stepped in, droppin' dollars like a boss, settlin' at 90.98. With all this uncertainty, the rupee's gotta keep it cool, but it’s slippin' 6.05 percent this year, fo' shizzle. Trade deal drama's got the market shakin', but the rupee’s just cruisin' through, you dig?
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.
