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The Reserve Bank of India bought a net $6.93 billion in the foreign exchange market in November 2019, slightly below the $7.1 billion bought in October. The rupee traded between 70.53 and 72.25 per dollar during the month.
Heavy RBI dollar purchases absorb foreign inflows and limit rupee appreciation, which shapes the currency backdrop for Indian importers of feed ingredients.
business-standard.comReutersJan 13, 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.
