RBI sold $18.2 billion in October to support rupee

RBI sold $18.2 billion in October, the highest this year, to stabilize the rupee amid balance of payments pressure. This aggressive intervention reflects mounting external sector stress. $18.2 billion is sharply above monthly averages, signaling concern over currency volatility. Such large-scale selling may impact liquidity and interest rate outlook.

📊 STOCKS: | 🏢 SECTOR: Macro | #HIGHIMPACT #RBI