The U.S. dollar index lost over 6% between early October and late December on speculation the U.S. Federal Reserve will slash rates this year starting in March. But the rupee hardly moved thanks to heavy use by the RBI of its $600 billion-plus reserves to maintain the value of the currency.
The U.S. dollar index lost over 6% between early October and late December on speculation the U.S. Federal Reserve will slash rates this year starting in March. But the rupee hardly moved thanks to heavy use by the RBI of its $600 billion-plus reserves to maintain the value of the currency. The U.S. dollar index lost over 6% between early October and late December on speculation the U.S. Federal Reserve will slash rates this year starting in March. But the rupee hardly moved thanks to heavy use by the RBI of its $600 billion-plus reserves to maintain the value of the currency. Moneycontrol Latest News Read More
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