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India's foreign exchange reserves rose for a third straight week to a record high as of July 19, according to RBI data released Friday. Changes reflect RBI intervention and valuation of foreign assets.
Large reserves give the RBI capacity to keep defending the rupee, which supports stable import costs for Indian feed buyers without a clear direct price effect on grains.
reuters.comJul 26, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
