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The Reserve Bank of India is using non-deliverable forwards more than spot market operations to limit rupee volatility, according to sources. This approach draws less on forex reserves than spot dollar sales.
A central bank shift toward NDF intervention preserves reserves and signals a more managed currency, which can reduce import-cost shocks for feed buyers. The direct price impact on grains and feed is small.
business-standard.comReutersMay 24, 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.
