Finance
Mr. BillionhairRBI's Dollar Buying Plans: Huge Moves on the Horizon!
Folks, listen up! The RBI is ready to make some tremendous moves! When the rupee hits 88-89, they’ll be buying dollars like it’s Black Friday! Aditya Bagree, the best market guy, says the rupee will chill around 90 to 91.25. And let me tell you, reserves are massive! But the bond market? It’s gonna feel the pressure! Believe me, folks, big things are coming!
few days ago | Bloomberg
Quick rundown
1.RBI may start buying dollars as the rupee strengthens.
2.Rupee expected to trade between 90 and 91.25 per dollar.
3.India's foreign reserves hit a record $725.7 billion.
4.US tariff cuts on India offer potential rupee tailwind.
5.Heavy sovereign debt supply may raise borrowing costs.
