Well, the dollar has been the world’s reserve currency for many decades and yet during those decades it is not been a one way street. It is gone up and down like a yo-yo so I do not think the reserve currency status of the dollar, by definition, determines where it is going to go.
RBI: Govt to buy back bonds worth Rs 40,000 crore; move to ease tight liquidity
The unexpected move is also seen bringing down yields on short-term government bonds, as the three securities that the government has chosen to buy back