Can RBI's Arjuna shot save the rupee?
Incidentally, the rupee has been sliding without any break. To compound matters, gold reserves are also falling. This made the RBI take a bold decision. It took Arjuna’s shot on the US dollar to save the falling rupee. The RBI sold more than $47 billion in the forex market within the last two months. This is the first time the central bank used such big gunpowder.
Incidentally, the rupee has been sliding without any break. To compound matters, gold reserves are also falling. This made the RBI take a bold decision. It took Arjuna’s shot on the US dollar to save the falling rupee. The RBI sold more than $47 billion in the forex market within the last two months. This is the first time the central bank used such big gunpowder.
