Loading…
The Reserve Bank of India allowed Indian banks to trade in offshore non-deliverable rupee markets, giving it a channel to intervene in those markets. The RBI had reportedly intervened heavily there and in domestic markets after reserves fell $12 billion in the week to March 20.
Offshore intervention can cap speculative rupee moves, which may limit further depreciation and so ease India's import costs.
business-standard.comAnup RoyMar 27, 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.
