Rupee’s 89/$ Shock: What Led to the Collapse and RBI’s Reversal | GRAVITAS
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Rupee’s 89/$ Shock: What Led to the Collapse and RBI’s Reversal | GRAVITAS
The Indian Rupee plunged past ₹89 per US Dollar for the first time, hitting a historic low. Traders cite insufficient RBI intervention, a rising trade deficit, and delayed US trade agreements as key reasons. Foreign portfolio outflows and high import demand added pressure. Watch this video to understand why the rupee weakened so sharply, its ...
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