# What the demonetisation episode tells us about offshore currency markets

> Analysis of trade data from the November 8 demonetisation announcement and the November 9 Trump election shows that offshore markets led rupee price discovery at certain times. The authors warn that the growing offshore role makes the rupee more exposed to international shocks.

- Date: 2017-01-17 · published 2017-01-17T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/73257-what-the-demonetisation-episode-tells-us-about-offshore-currency-markets
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

This is background on currency market structure with no direct effect on agricultural supply, demand or prices.

## Read by commodity

- USDINR: neutral

## Sources

- livemint.com: https://www.livemint.com/Money/lfH08YMZ3VjCYumnVgNHXK/What-the-demonetisation-episode-tells-us-about-offshore-curr.html

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