# RBI may need to choose between FX, bond interventions in second half: Report

> 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.

- Date: 2020-06-15 · published 2020-06-15T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/52899-rbi-may-need-to-choose-between-fx-bond-interventions-in-second-half-report
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

RBI intervention keeps the rupee from appreciating, which keeps Indian import costs for feed inputs higher. The effect on global commodity prices is minor.

## Read by commodity

- USDINR: neutral

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/rbi-may-need-to-choose-between-fx-bond-interventions-in-second-half-report/articleshow/76393699.cms

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