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The Reserve Bank of India is expected to rely more on its forward dollar book to manage rupee volatility rather than spot intervention. The rupee fell more than 10% in 2022, and the RBI sold a net of about $50 billion in spot markets through November.
Central bank management of the rupee shapes import costs for India's feed and oilseed buyers, but the change in tool is a policy detail with limited direct price impact.
brecorder.comReutersJan 25, 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.
