RBI sold USD 10.02 billion in December to stabilize rupee
after close1 source ↓written by the desknot a recommendation
The Reserve Bank of India (RBI) net sold USD 10.02 billion in December to combat the high volatility of the Indian rupee amid geopolitical tensions. This marks the seventh consecutive month of dollar sales, following USD 9.71 billion in November and USD 11.88 billion in October.
The RBI's intervention aims to mitigate undue currency fluctuations, driven by persistent trade deficits and intermittent capital outflows, impacting market sentiment.
Not investment advice. For informational purposes only.