The “Out of Syllabus” Move: RBI’s Rupee Surgical Strike and the FII U-Turn
Understanding the Rupee’s Surgical Strike by RBI The Reserve Bank of India (RBI) recently undertook a significant intervention in the currency market to bolster the weakening Indian rupee against the US dollar (USD). This unexpected move, often referred to as a “surgical strike,” aimed to stabilize the rupee’s value amid rising economic concerns. In recent … Read more