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The RBI's FX and bond market interventions pushed India's forex reserves to a record $501.7 billion in early June. Economists expect the pace of reserve growth to taper in the second half of the fiscal year, as the central bank may have to choose between FX and bond operations.
RBI intervention keeps the rupee from appreciating, which keeps Indian import costs for feed inputs higher. The effect on global commodity prices is minor.
timesofindia.indiatimes.comReuters / Jun 15, 2020, 23:33 ISTJun 15, 2020Not 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.
