RBI sells $10 billion in December to stabilize rupee
pre-market1 source ↓written by the desknot a recommendation
- in October
- $11.87 billion
The Reserve Bank of India net sold $10.02 billion in December amid high volatility in the rupee, marking the seventh consecutive month of intervention. This follows net sales of $9.71 billion in November and $11.87 billion in October. Persistent trade deficits and capital outflows have pressured the currency, prompting the RBI's actions to stabilize it.
Not investment advice. For informational purposes only.