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The RBI may need to drain up to $22 billion from the financial system as foreign inflows swell excess liquidity. Average daily liquidity has reached about 3 trillion rupees, well above the central bank's target of about 1 trillion.
Foreign inflows have pushed the rupee up nearly 7% against the dollar this year.
Heavy RBI debt sales to absorb liquidity affect Indian rates and currency conditions. This is a macro financial story with little direct effect on feed commodity prices.
hindustantimes.comReutersAug 10, 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.
