# Reserve Bank of India buys net $6.93 bn in currency market in November | Money & Forex Markets - Business Standard

> 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.

- Date: 2020-01-13 · published 2020-01-13T12:00:00.000Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/55372-reserve-bank-of-india-buys-net-6-93-bn-in-currency-market-in-november-money-and
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Heavy RBI dollar purchases absorb foreign inflows and limit rupee appreciation, which shapes the currency backdrop for Indian importers of feed ingredients.

## Read by commodity

- USDINR: neutral

## Sources

- business-standard.com: https://www.business-standard.com/article/finance/reserve-bank-of-india-buys-net-6-93-bn-in-currency-market-in-november-120011300296_1.html

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