# Indian cenbank onshore, offshore intervention helps rupee outperform-traders | Reuters

> The Reserve Bank of India is reportedly intervening in both onshore and offshore markets to limit the rupee's decline. The intervention follows investors raising their expectations for the US Federal Reserve's terminal rate. Traders said the central bank's action has helped the rupee outperform regional peers.

- Date: 2023-02-22 · published 2023-02-22T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/37607-indian-cenbank-onshore-offshore-intervention-helps-rupee-outperform-traders
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Central bank support limits rupee weakness, which keeps Indian import costs for feed ingredients more stable. Sustained intervention reduces the odds of a sharp currency-driven rise in local feed prices.

## Read by commodity

- USDINR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/india/indian-cenbank-onshore-offshore-intervention-helps-rupee-outperform-traders-2023-02-22/

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