Intervention soon?
85 sats \ 1 reply \ @Coinsreporter 20 Jun
It's not all time high. It went to 85.20 INR for 1 USD for at least a day on Nov 1 last year.
However, I'm enjoying this. Whenever somebody look at Bitcoin price in INR, he gets a feeling that this way they can get more rupees. I had done it many times before. Suppose I want to spend some good amount of fiat for a need, I first bought Bitcoin in dollars and sold them in INR. It gives like 5 to 10% extra fiat.
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20 sats \ 0 replies \ @Coinsreporter 20 Jun
https://m.stacker.news/36134
I do the INR/USD conversion this way. This is a bloody kyc platform so can do it only a few times a year though. I get 90 to 92 INR for 1 dollar. Idk, if that's called a cheating, I'll continue to cheat the State..
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88 sats \ 0 replies \ @OT 20 Jun
Isn't it funny how a 0.2% drop freaks everyone out in fiat land?
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54 sats \ 0 replies \ @BitcoinAbhi 20 Jun
India will bounce back soon.
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54 sats \ 0 replies \ @0xbitcoiner 20 Jun
same old solution, same old result!
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54 sats \ 0 replies \ @riberet19 20 Jun
If you continue at this rate there will surely be an intervention, the fact is that all fiat currencies are crap.
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54 sats \ 0 replies \ @quark 20 Jun
Well if they intervene, they are doomed to fail as all interventions. It is as if the market likes to see interventions as a wounded animal and then goes to kill.
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54 sats \ 0 replies \ @Satosora 20 Jun
This is kind of funny.
"Some traders have said that the strength of the dollar and the weakness of the Chinese Yuan have contributed to the rupee's depreciation."
They are making BRICS, and their currency is worth dog shit.
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