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The RBI was a net buyer of USD 852 million in the spot market in October, after net buying USD 1.259 billion in September. The central bank said its intervention aims to curb rupee volatility rather than defend a price band.
Net dollar purchases by the RBI put modest upward pressure on USD/INR, which raises the rupee cost of imported feed inputs.
asianage.comDC CorrespondentDec 12, 2017Not 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.
