# Rupee turning out to be the most stable currency, says RBI report | Economy & Policy News - Business Standard

> The Reserve Bank of India's state of the economy report says the rupee is among the least volatile major currencies, with one-month implied volatility at its lowest since 2008. The report also notes that the rupee has stabilized in FY24 and that India's forex reserves rose $31 billion in 2023 through June 9.

- Date: 2023-06-23 · published 2023-06-23T12:00:00.000Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/35785-rupee-turning-out-to-be-the-most-stable-currency-says-rbi-report-economy-and
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A stable rupee and large reserves reduce currency risk for Indian importers of feed ingredients, which supports predictable procurement costs.

## Sources

- business-standard.com: https://www.business-standard.com/economy/news/rupee-turning-out-to-be-the-most-stable-currency-says-rbi-report-123062301001_1.html

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