RBI intervention increases as rupee faces pressure
after close1 source ↓written by the desknot a recommendation
- in December compared
- $10 billion
- in November
- $9.7 billion
- in purchases
- $18.3 billion
- in sales
- $28.3 billion
The Reserve Bank of India has escalated its currency management efforts, selling $10 billion in December compared to $9.7 billion in November. This includes $18.3 billion in purchases and $28.3 billion in sales, reflecting a commitment to stabilize the rupee amid global uncertainties. Traders should note the significant net short dollar exposure still present in the market.
Not investment advice. For informational purposes only.