# RBI Intervention Triggered A Moderate Rise In USD/INR | Investing.com India

> USD/INR traded moderately higher after the rupee tested 73.42, with RBI intervention preventing sharp appreciation beyond 73.50. India's November exports fell 9.07% and imports fell 13.33%, with April-November exports down about 19%.

- Date: 2020-12-03 · published 2020-12-03T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/49938-rbi-intervention-triggered-a-moderate-rise-in-usd-inr-investing-com-india
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Persistent RBI intervention to keep the rupee weak supports USD/INR and Indian export competitiveness, which matters for the cost of dollar-priced feed imports.

## Read by commodity

- USDINR: bullish ▲

## Sources

- in.investing.com: https://in.investing.com/analysis/rbi-intervention-triggered-a-moderate-rise-in-usdinr-200448687

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