India's Rupee Is TANKING, Here's How This Impacts the World
After facing a major setback, the Reserve Bank of India has ditched its longshot desperation tactic aimed at 'speculators' betting against the rupee. They aren't the problem, the fundamentals are - global fundamentals. There is a lot INR has to say about those as it becomes the latest to plunge. Eurodollar University's Money & Macro AnalysisBusiness Standard RBI dials down use of NDFs to fight dollar, balance rupee stabilityhttps://www.business-standard.com/finance/news/rbi-dials-down-use-of-ndfs-to-fight-dollar-balance-rupee-stability-124121800613_1.htmlBusiness Standard RBI asks some lenders to reduce speculative positions against rupeehttps://www.business-standard.com/economy/news/reserve-bank-asks-some-lenders-to-cut-speculative-bets-against-rupee-124112200628_1.htmlBusiness Standard Rupee falls to new low of 85.27 as importers stock up dollar at month endhttps://www.business-standard.com/economy/news/rupee-falls-to-new-low-of-85-27-as-importers-stock-up-dollar-at-month-end-124122600861_1.htmlhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU