# RBI likely bought dollars in spot, paid in far forwards: RBI

> The RBI likely bought dollars in the spot market and conducted sell/buy swaps through public sector banks after the rupee hit a more-than-two-month high on Tuesday. The rupee was trading near 81.80 per dollar.

- Date: 2023-07-25 · published 2023-07-25T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/35316-rbi-likely-bought-dollars-in-spot-paid-in-far-forwards-rbi
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Central bank intervention limiting rupee appreciation keeps Indian import costs for feed ingredients elevated, with little direct impact on global grain prices.

## Read by commodity

- USDINR: bullish ▲

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/economy/rbi-likely-bought-dollars-in-spot-paid-in-far-forwards-rbi-11024811.html

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