The rupee is expected to fluctuate between Rs 94.5 and Rs 96 against the US dollar in the short term. Despite significant dollar inflows via FCNR deposits and external borrowings, substantial appreciation is elusive as these funds primarily bolster the Reserve Bank of India’s reserves. A variety of factors affect the rupee’s movement, indicating that no single factor can be pinpointed as the main influencer.
Michael Burry calls Nvidia ‘heck of a trade’ after Huang’s scandal sparks $430 bn selloff. Why is Big Short fame dismissing fears?
Michael Burry sees a near-term trading opportunity in Nvidia despite his broader concerns about AI valuations. The Big Short investor believes Jensen Huang’s personal controversy