# India’s central bank gets assertive on rupee

> The Reserve Bank of India opened the way for local banks to trade non-deliverable forwards, giving it a new tool to manage rupee volatility onshore and offshore. The move came alongside an emergency rate cut and a $50 billion liquidity pledge, with reserves of about $475 billion.

- Date: 2020-04-13 · published 2020-04-13T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/53926-india-s-central-bank-gets-assertive-on-rupee
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Greater central bank control over rupee volatility reduces the chance of sharp currency swings that would change Indian import costs for dollar-priced feed. It is a policy signal rather than a direct change in supply or demand.

## Sources

- gulfnews.com: https://gulfnews.com/business/banking/indias-central-bank-gets-assertive-on-rupee-1.70950787

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