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The US Treasury's October currency report said it will closely monitor India's foreign exchange practices after noticing a rise in the scale and persistence of the Reserve Bank of India's net dollar purchases. Analysts said being singled out may limit India's options in managing the rupee even without a formal currency manipulator label.
Possible RBI curbs on dollar buying could let the rupee strengthen, which would make Indian feed and oilseed imports cheaper in dollar terms only if the currency firms, while a costly appreciation could weaken India's export competitiveness.
cnbc.comYen Nee LeeOct 31, 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.
