Loading…
Foreign exchange reserves have risen by $50 billion this year as the RBI bought dollars despite net outflows from domestic markets. The central bank has used global dollar weakness to absorb inflows and prevent rupee appreciation.
Persistent RBI dollar buying keeps the rupee weaker than it otherwise would be, sustaining higher import costs for Indian buyers of feed ingredients and vegetable oils.
moneycontrol.comMoneycontrol ContributorJul 12, 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.
