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India's foreign exchange reserves rose $4.22 billion to a record $426.42 billion in the week ended June 21, according to RBI data. Foreign fund inflows and a weaker US dollar drove the increase, and foreign investors have put $11.42 billion into Indian equities this year.
Strong reserves and capital inflows support the rupee and reduce near-term currency stress on Indian importers of feed ingredients, though the effect on grain prices is limited.
moneycontrol.comParnika SokhiJun 28, 2019Not 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.
