Finance
DoggfatherRupee Takes a Chill Pill After RBI Eases Forex Curbs
Yo, the rupee took a little dip against the dollar on Tuesday, settlin' at 93.50 after the RBI eased up on some forex rules. Anil Kumar Bhansali, the treasury g, said arbitrageurs are back in the game, but don’t trip, the rupee’s holdin’ steady, chillin’ in a cozy range while oil prices keep givin’ it a nudge.
few days ago | Anjali Kumari
Quick rundown
1.Rupee fell against the dollar after RBI eased some restrictions.
2.RBI's partial rollback of curbs unlikely to weaken rupee sharply.
3.Rupee expected to stay in the 93-93.75 per dollar range.
4.RBI Governor emphasizes no target on indefensible peg.
5.Rupee gains 1.41% in April, fifth-best performing Asian currency.
