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The RBI's gross currency market interventions through August in FY25 rose sharply from a year earlier, as it bought and sold large amounts of dollars to limit exchange rate volatility. Data showed monthly purchases of up to $23.6 billion and sales of up to $22.6 billion.
Heavy RBI intervention is smoothing the rupee, which keeps Indian import costs for dollar-priced feed inputs more predictable.
economictimes.indiatimes.comBhaskar DuttaOct 25, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
