# India’s forex reserves top $600bn, rise to near 15-month high - Business & Finance - Business Recorder

> India's forex reserves rose by $12.74 billion to $609.02 billion as of July 14, the highest in nearly 15 months. The rupee ended the week at 81.9450, up 0.1%.

- Date: 2023-07-21 · published 2023-07-21T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/35319-india-s-forex-reserves-top-600bn-rise-to-near-15-month-high-business-and
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Large reserves give the RBI room to manage rupee volatility, which affects the local cost of imported feed ingredients but has little direct bearing on global feed prices.

## Read by commodity

- USDINR: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40253886

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.