# Usha Thorat-led task force to ensure stability of external value of rupee  - The HinduBusinessLine

> The Reserve Bank of India formed an eight-member task force headed by former Deputy Governor Usha Thorat. It will study the offshore rupee market, its effect on the rupee's exchange rate and domestic liquidity, and possible measures to address it.

- Date: 2019-02-28 · published 2019-02-28T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/60868-usha-thorat-led-task-force-to-ensure-stability-of-external-value-of-rupee-the
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Regulatory steps to curb offshore rupee trading could change how the currency is priced and how stable it is. That affects the cost of dollar-denominated feed imports for India.

## Read by commodity

- USDINR: neutral

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/money-and-banking/rbi-forms-task-force-on-offshore-rupee-markets/article26398230.ece

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