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The RBI bought $36.7 billion and sold $37 billion in spot markets in October, a combined $73.6 billion that is the highest since at least 2012. The central bank's activity accounted for 17% of onshore interbank turnover.
Heavy central bank intervention has kept rupee volatility unusually low, which lowers hedging costs for Indian feed importers but masks underlying pressure on the currency.
theprint.inReutersDec 21, 2023Not 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.
