# RBI net buys USD 852 million of US currency in October | RBI net buys USD 852 million of US currency in October

> 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.

- Date: 2017-12-12 · published 2017-12-12T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/67767-rbi-net-buys-usd-852-million-of-us-currency-in-october-rbi-net-buys-usd-852
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Net dollar purchases by the RBI put modest upward pressure on USD/INR, which raises the rupee cost of imported feed inputs.

## Read by commodity

- USDINR: bullish ▲

## Sources

- asianage.com: https://www.asianage.com/business/economy/121217/rbi-net-buys-usd-852-million-of-us-currency-in-october.html

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