# Foreign fund inflows, weaker dollar push India’s forex reserves to record high- Moneycontrol.com

> 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.

- Date: 2019-06-28 · published 2019-06-28T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/58892-foreign-fund-inflows-weaker-dollar-push-india-s-forex-reserves-to-record-high
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: bearish ▼

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/foreign-fund-inflows-weaker-dollar-push-indias-forex-reserves-to-record-high-4150531.html

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