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The RBI's foreign exchange reserves rose above $400 billion, and it held a net forward dollar purchase position of about $31 billion. The central bank said it is building reserves while avoiding outright dollar purchases that would expand rupee liquidity.
Large reserve-building and forward positions help the RBI manage rupee volatility, which keeps import costs for dollar-priced feed steadier.
rediff.comDec 5, 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.
