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The RBI Governor said emerging markets need to build reserves as buffers against external shocks, even at the risk of being added to the US currency-manipulation watchlist. India's central bank has sustained forex purchases, which analysts say will keep the rupee weak in 2021.
The article describes a departure from the RBI's long-standing policy of intervening only to contain volatility.
Persistent RBI dollar buying keeps the rupee weaker, which raises India's costs for dollar-priced feed imports.
theprint.inSubhadip SircarJan 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.
