# Now that India is world’s 5th largest forex reserve holder, here’s what it means for rupee going ahead

> India's foreign exchange reserves rank fifth globally, and the RBI has intervened heavily in FX markets to absorb inflows. Analysts expect the pace of reserve growth to slow in the second half of the fiscal year, as the RBI may need to choose between FX and bond interventions.

- Date: 2020-06-13 · published 2020-06-13T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/52897-now-that-india-is-world-s-5th-largest-forex-reserve-holder-here-s-what-it-means
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

RBI intervention shapes rupee direction, which affects Indian import costs for vegetable oils and feed ingredients. The direct impact on global feed prices is limited.

## Read by commodity

- USDINR: neutral

## Sources

- financialexpress.com: https://www.financialexpress.com/policy/economy-now-that-india-is-worlds-5th-largest-forex-reserve-holder-heres-what-it-means-for-rupee-going-ahead-1990614/

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