# The Indian Rupee is getting crushed by RBI

> The Indian rupee has weakened despite strong foreign inflows because the Reserve Bank of India has been buying dollars, reportedly about $18 billion since late September. The RBI has said it does not target a specific exchange rate, and analysts read the purchases as an effort to stop a sharp rupee appreciation that could hurt exports.

- Date: 2019-11-28 · published 2019-11-28T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/56363-the-indian-rupee-is-getting-crushed-by-rbi
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A central bank that absorbs inflows to keep the rupee weak supports Indian export competitiveness and keeps USD/INR firm, which raises the rupee cost of dollar-priced feed imports.

## Read by commodity

- USDINR: bullish ▲

## Sources

- livemint.com: https://www.livemint.com/industry/banking/the-indian-rupee-is-getting-crushed-by-rbi-11574909216895.html

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