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The RBI is reportedly reviewing its foreign exchange reserve investments, including its first possible purchases of AAA-rated corporate bonds and more gold, while it continues to buy dollars. Reserves stood at a record $560.63 billion, and the central bank has been intervening heavily in the spot market to limit rupee appreciation.
Ongoing RBI dollar buying to hold the rupee down supports USD/INR, which keeps dollar-denominated feed import costs elevated in India.
thehindu.comReutersNov 3, 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.
