Rupee Plunges! State Banks’ Dollar Grab Rattles Forex Market: Decoding the Impact

Quick Summary:

In the ever-volatile world of forex markets, the Indian Rupee has recently experienced a noticeable dip, sending ripples across financial circles.

State-owned banks have been aggressively purchasing US dollars, primarily to meet the demands of oil firms.

Essentially, the Forex Market India acts as a barometer, reflecting the interplay of these economic forces.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Editorial Team

Category: Crypto

Markets: India

Topics: Forex Market #Economy Oil Forex Dollar Indian Rupee Forex News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-24 @ 17:27:06 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 43 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 26389575

View Article Analysis

About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 67 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

Publisher Details

Frequently Asked Questions