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Macronomics: Forex Reserve Data Shows Weak RBI Intervention as FII Exits and Slowing Inflows Hit The Rupee

In Macro News today, we take a look at what's happening with the Rupee. What's on for today:

• Is the RBI Buying or Selling Dollars?

• FII Selling Continues, and They Have a Lot More To Sell

• Other Countries Are Devaluing their Currencies

• Slowing Inflows from remittances and exits from wealth funds, other threats to the rupee

We know that the Rupee is fighting to stay below 68 to the dollar (with the RBI apparently helping). It's at Rs. 68.1 today.  But is the RBI Selling Dollars?

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