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If oil stays above $100/ barrel and RBI stops managing volatility, Re would be 102 against dollar: Naveen Mathur
India's foreign exchange reserves have dropped significantly as the Reserve Bank of India intervenes to manage rupee volatility. Surging crude oil prices and foreign investor outflows are pressuring the currency. Analysts suggest the rupee's slide may continue if global conditions do not stabilize. The RBI aims to smooth the rupee's descent rather than defend a specific level.
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economictimes.indiatimes.com
If oil stays above $100/ barrel and RBI stops managing volatility, Re would be 102 against dollar: Naveen Mathur
India's foreign exchange reserves have dropped significantly as the Reserve Bank of India intervenes to manage rupee volatility. Surging crude oil prices and foreign investor…
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thehindubusinessline.com
Rupee may remain under pressure, experts warn of possible slide to 100 per USD
Experts warn the Indian rupee may slide to 100 per USD amid rising crude prices and foreign investor outflows.
