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The Reserve Bank of India sold a net $1.9 billion in the spot forex market in November, after selling $310 million in October. The rupee fell 0.2% over November and touched a lifetime low of 82.42 during the month.
Central bank dollar sales support the rupee, which affects the local cost of imported feed inputs. The data is a historical report with little direct commodity price impact.
reuters.comJan 18, 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.
