BHarwana
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- Sep 24, 2016
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RBI has reserved $30 billion to soften the free fall of rupee and RBI intends to do a $1.5 billion injection weekly looking at the current pattern of their intervention which means Rupee will drag to 89 against dollar in coming months after which RBI might bring in hard core policies. This is not an accurate statement but just a rough estimate. RBI will intervene greatly at 80 but the actual value of Rupee stands at 98 to 104 looking at the economic conditions of India.I don't want you to take the trouble. Just an estimate is fine.
INR to USD is 72.66 now few points away from a new record.