Finance
Sock JohnsonRupee Flexes Muscles but Dollar Demand Delivers a Takedown
Ladies and gentlemen, the rupee just strutted its stuff, soaring to 90.07 per dollar like a true champion! But hold on, importer demand for dollars threw a little jab, leaving it to settle at 90.36. Thanks to Muthoot Finance raising a whopping $600 million, the rupee's feeling the power! Traders are on the edge of their seats, waiting for the RBI's next move like it's the main event!
few days ago | Anjali Kumari
Quick rundown
1.Rupee gains on Muthoot Finance's fund inflows.
2.US-India trade deal sparks mixed rupee reactions.
3.Rupee depreciated 5.41% this financial year.
4.RBI's liquidity measures keep banking system afloat.
5.Traders await RBI's Monetary Policy Committee meeting.
