# India cenbank acts to enhance foreign fund inflows, stabilise rupee

> The Indian rupee has shed about 6% against the dollar since the start of 2022. It closed at 79.3025 per dollar on Wednesday, close to its record low of 79.3750 set the previous day. The Indian central bank has taken steps to attract foreign fund inflows and stabilise the currency.

- Date: 2022-07-06 · published 2022-07-06T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/40778-india-cenbank-acts-to-enhance-foreign-fund-inflows-stabilise-rupee
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Central bank intervention to support the rupee may slow the currency's decline, which would ease the cost of dollar-priced imports for Indian feed and oilseed buyers. The effect on prices is modest unless the rupee's slide reverses sharply.

## Read by commodity

- USDINR: neutral

## Sources

- reuters.com: https://www.reuters.com/world/india/india-central-bank-steps-with-measures-enhance-forex-inflows-2022-07-06/

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