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The Reserve Bank of India has allowed a rally in the rupee with only modest intervention, sending traders to their most bullish positions since 2014. The rupee hit 64.765 per dollar, its strongest since October 2015, and some observers link the RBI's restraint to avoiding a US currency manipulator label.
The RBI's reluctance to curb the rupee's gains supports further appreciation, which lowers India's dollar-denominated import costs and could weigh on export competitiveness.
moneycontrol.comApr 3, 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.
