RBI Burned $8 Billion in One Week — Is Your Rupee Safe?
The rupee bounced to 95.20 but RBI's forex reserves took a brutal $8.1 billion hit in a single week — here is what every Indian investor needs to understand right now.
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Abstract:A “storm” caused by multiple factors, such as inflation, Fed tightening, war, pandemic, energy crisis and climate risks, hit us all at once, profoundly affecting everyone in the world. How do we seek direction amid multiple crises?
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2022 is a landmark year that will change the world pattern, and it will certainly be a year to go down in history! In 2022, the Covid-19 pandemic has ravaged the world. In the context of the era of globalization, the Russian-Ukrainian war has made the global economy even worse. The pandemic and the war have disrupted supply chains and exacerbated global inflationary pressures. Central banks such as the Federal Reserve have started raising interest rates, leaving the already fragile global economy facing an out-of-control crisis.
There is no doubt that after the Covid-19 pandemic and the Russian-Ukrainian war, the world economy has undergone a major transformation. With the global landscape reversed, global economic growth has slowed, the outlook is bleak and uncertain, and global crises abound. A “storm” caused by multiple factors, such as inflation, Fed tightening, war, pandemic, energy crisis and climate risks, hit us all at once, profoundly affecting everyone in the world. How do we seek direction amid multiple crises and seize the last opportunity to get rich within a century so as to move into the future? Wiki Finance EXPO Asia 2022 will find new direction and seize the last opportunity for you in the next 100 years!
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

The rupee bounced to 95.20 but RBI's forex reserves took a brutal $8.1 billion hit in a single week — here is what every Indian investor needs to understand right now.
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No, we are not kidding! The rupee has indeed hit this low, from 90 to 95 against the US dollar, the fastest in nearly a decade, highlighting the slump due to rising crude oil prices and global uncertainty from the series of adverse events related to the geopolitical conflict in the Middle East. It just took five months for the rupee to weaken from 90 to 95, the sharpest five-point depreciation since the 2013 taper tantrum. During this period, the rupee declined from 60 to 65 within a month amid concerns over India’s current account deficit and large capital outflows.

While it was a flat day for India’s benchmark stock indices (Sensex & Nifty), there was a sort of recovery for the rupee in the foreign exchange market on May 21, 2026. Giving investors more reasons to enjoy was another bull run for gold, which is touching the 16K threshold for 10 grams. Taking three markets combined, the overall sentiment remains mixed for investors. Here is how the day panned out for investors across these markets.