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Lets Study Impact of RBI on the INR
A recent analysis highlights significant interventions by the Reserve Bank of India (RBI) and potential future movements . ..
Alok Jain
January 02, 2025
2 January 2025 · Thursday
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Today’s Daily Byte
The markets took off in a big way. All the short sellers and bears in the market have been caught by surprise. Almost 500 points at one point in the Nifty. No apparent reason for this gain but the fact that we have been simmering in that range that I was telling you and a big relief rally either way would have come and that has come out in the open.
Will INR fall protect your purchasing power? That’s what we will discuss in the second half of the video.
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RBI let goes the INR
The USD-INR exchange rate has followed an interesting trendline over the past nine years, often returning to a long-term resistance level. A recent analysis highlights significant interventions by the Reserve Bank of India (RBI) and potential future movements in the currency, offering valuable insights into what lies ahead for the rupee... . . . .
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The US stock market, often referred to as the “mother market,” holds a dominant position in the global economy. Its influence extends beyond its borders, impacting countries worldwide. Whether through trade, technology, or investments, the US market continues to shape financial trends, making it a key player in global markets... . . . .
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