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Foreign funds have poured around $50 billion into Indian stocks and companies this year, flooding the banking system with rupee liquidity. Traders and fund managers increasingly expect the Reserve Bank of India to consider changes, such as loosening its grip on the rupee or curtailing bond purchases.
A possible shift in RBI intervention could let the rupee strengthen, which would lower USD/INR and affect the cost of dollar-priced feed imports into India.
business-standard.comSubhadip Sircar, Anirban Nag, BloombergDec 15, 2020Not 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.
