Finance
DoggfatherRupee Hits a Rough Patch, RBI Flips the Script with Dollars
Yo, the rupee hit a rough patch on Friday, feelin' that market vibe, ya dig? RBI swooped in, droppin' dollars to keep it cool at ₹90.64. Demand was high, but RBI's got it locked down, holdin' steady in that 90.60-90.75 groove, keepin' it real, g.
few days ago | Anjali Kumari
Quick rundown
1.Rupee weakened due to falling domestic equities.
2.RBI intervened with dollar sales to support the rupee.
3.Rupee has depreciated by 5.71% this financial year.
4.India's forex reserves fell by $6.7 billion recently.
5.Gold reserves declined significantly impacting total reserves.
