# India cenbank sold net $1.9 bln in spot forex market in Nov –bulletin

> 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.

- Date: 2024-01-18 · published 2024-01-18T12:00:00.000Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/32386-india-cenbank-sold-net-1-9-bln-in-spot-forex-market-in-nov-bulletin
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: neutral

## Sources

- reuters.com: https://www.reuters.com/business/finance/india-cenbank-sold-net-19-bln-spot-forex-market-nov-bulletin-2024-01-18/

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