Rupee ROARS Back: RBI’s Genius Oil Hack Crushes 92 Barrier – Asia’s Laggard Turns Star Performer Overnight!
The Indian rupee staged a stunning comeback Friday, closing 0.3% stronger at 92.9250 against the dollar – its best day in weeks – thanks to RBI’s timely measures curbing oil giants’ dollar thirst. After hitting a record low of 95.21 on March 30 amid US-Iran war oil shocks, the currency clawed back ~2.5% since late March, narrowing its Asia laggard status to second-best regional gainer. … Read more