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Bets on a rupee rebound in 2021 are facing headwinds after the RBI signaled it will keep buying dollars. Analysts expect the intervention to continue and keep the rupee weak against regional currencies.
India's forex reserves reached a record $586 billion.
Continued RBI dollar purchases limit rupee strength, supporting higher dollar-denominated costs for Indian importers of feed inputs.
hindustantimes.comBloombergJan 21, 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.
