# US dollar: Forex kitty rebounds on better outlook - The Economic Times

> 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.

- Date: 2023-04-17 · published 2023-04-17T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/36663-us-dollar-forex-kitty-rebounds-on-better-outlook-the-economic-times
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Rising reserves reduce the risk of currency stress that would otherwise raise the cost of dollar-denominated imports for India.

## Read by commodity

- USDINR: bearish ▼

## Sources

- economictimes.indiatimes.com: https://economictimes.indiatimes.com/markets/forex/forex-kitty-rebounds-on-better-outlook/articleshow/99543739.cms

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