# Indian central bank likely sold dollars before local spot market open, traders say | Reuters

> Traders told Reuters that the Reserve Bank of India likely sold dollars before the spot market opened on February 20. The intervention was probably aimed at keeping the rupee from falling past 91 per dollar. Strong dollar buying in the NDF market had weighed on the currency the previous day.

- Date: 2026-02-20 · published 2026-02-20T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/20879-indian-central-bank-likely-sold-dollars-before-local-spot-market-open-traders
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Central bank dollar sales cap rupee weakness, which limits the rise in India's dollar-denominated feed import costs.

## Read by commodity

- USDINR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/india/indian-central-bank-likely-sold-dollars-before-local-spot-market-open-traders-2026-02-20/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.