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The RBI's report on currency and finance says rupee internationalisation is inevitable but will complicate monetary policy. It notes that free convertibility and use as a reserve currency could limit the central bank's control over domestic money supply and interest rates.
The report is a policy discussion with no immediate effect on feed or commodity prices. It only signals longer-term currency and interest-rate considerations for Indian importers.
business-standard.comAnup RoyFeb 26, 2021Not 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.
