# RBI net-seller of dollars in November, unwinding $644 million: Report | Banking News - Business Standard

> The Reserve Bank of India was a net seller of dollars in November 2018, selling $644 million on a net basis in the spot market. The data showed the central bank intervening to contain rupee volatility.

- Date: 2019-01-13 · published 2019-01-13T12:00:00.000Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/61361-rbi-net-seller-of-dollars-in-november-unwinding-644-million-report-banking-news
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Central bank dollar sales support the rupee and temper currency-driven swings in India's feed import costs, though the effect is modest in grain markets.

## Read by commodity

- USDINR: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/article/finance/rbi-net-seller-of-dollars-in-november-unwinding-644-million-report-119011300283_1.html

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