By Admin 
Taper Tantrum Playbook: The war between Iran and the US started in February and is still going on. Which is affecting other neighboring countries also. India is also facing economic crisis at this time. Due to which the value of rupee is continuously decreasing against the dollar. In such a situation, the government has also planned to play its old ‘master stroke’.
RBI’s old master stroke
In fact, in view of the continuously falling value of the rupee, the Reserve Bank of India (RBI) has now decided to play its old trick to avoid this crisis. RBI can now re-use the methods adopted during the economic crisis in 2013 to handle the rupee. RBI Governor Sanjay Malhotra himself has told about this.
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Sanjay Malhotra told in a conversation with Bloomberg News on Thursday that, under the leadership of Reserve Bank of India Governor Sanjay Malhotra, the bank is considering ways to stabilize the currency like increasing interest rates, swapping additional currencies and raising dollars from foreign investors.
What is the Tapper Tantrum Playbook?
When the Federal Reserve Bank of America, the central bank, stops injecting money into the market, then foreign investors stop injecting money into countries like India. Due to which the rupee becomes weak, stock market falls, dollar becomes expensive, economic pressure is created on India. Such a situation had arisen in the year 2013, when RBI had adopted the ‘Tapper Tantrum Playbook’ policy. In this, RBI maintains the rupee by selling dollars and increases interest rates.
Same strategy was adopted in 2013 also
Let us tell you that the government had adopted the same strategy in the year 2013 also. At that time, when the country was facing economic crisis, the rupee was managed by selling dollars in the country with the help of Tapper Tantrum Playbook. Now RBI will sell its dollars under this scheme so that there is no shortage of dollars and the rupee does not fall.
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