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:An offline event for the public to educate the Forex Investment and Forex Trading

A group of gentlemen invited the people of Davao to introduce Forex investment and Forex trading. The event was titled “The Crisis-Proof Investment,” which simply means what are the best trading instruments to invest in. The event took place on November 17, 2022, at Digos City Hall in Davao Del Sur.

The event was attended by more than a hundred people, took several hours, and featured a series of conversations between the audience and the speakers. A UK-based forex broker, Fortune Prime Global (FPG), was the host of the event. They also invited professional traders to join the event and educate the public on how to make money in the Forex Market by trading online. The speakers were able to explain to the public, how Forex investment or trading works and what are the risks if you start trading Forex. They were also able to explain how to compute the possible profit, the best leverage and spread, and most importantly, the type of account for beginners.


WikiFX as one of the major sponsors of the event never missed the opportunity to educate the public on how to find good brokers that will guide you on your trading journey. Because of its high returns, Forex trading has become a popular alternative source of income for many people. Due to this, a lot of scammers are also in the Forex business just to have one mission: “To Scam People”.

You can visit the official website of WikiFX here: www.wikifx.com/en
WikiFX is a Forex search engine web and mobile platform that provides comprehensive information about a broker. The platform was made for the public who would like to start their forex trading journey. On WikiFX, you can find everything you need to know about the forex broker you choose, as well as forex tools and educational articles that will help you arm yourself and learn the terms.

The platform has a list of more than 40,000 brokers, so it's easy for users to tell if a broker is legitimate or not. That is, almost all Forex brokers from around the world are listed on the platform. The people behind WikiFX have been working side by side with 30 Financial Authorities to resolve any trading issues.
WikiFX event will be conducted through Facebook live every Wednesday and Friday.
Stay tuned for more WikiFX events.

Disclaimer:
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.

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.

OANDA Japan will shut down MT4 and MT5 web terminal access at the end of May, while desktop and mobile trading remain available as the broker continues its MT4 phase-out.

Acetop Financial Limited posted a £35,691 pretax loss in 2025 after revenue declined and trading volumes fell 21% to about $9.5 billion.