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India's foreign exchange reserves stood at $578.45 billion on March 31, down $28 billion year on year but recovered from a low of $524.52 billion in October 2022. Traders see possible further rupee strength over the next three months, supported by a softer US policy outlook.
Rising reserves reduce the risk of currency stress that would otherwise raise the cost of dollar-denominated imports for India.
economictimes.indiatimes.comBhaskar DuttaApr 17, 2023Not 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.
