# India central bank to rely more on forward book to manage rupee - Markets - Business Recorder

> 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.

- Date: 2023-01-25 · published 2023-01-25T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/38049-india-central-bank-to-rely-more-on-forward-book-to-manage-rupee-markets
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40222335

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