# Outlook On Rupee Post-RBI Policy Meet And Current Global Backdrop

> The rupee's strength has been driven by strong foreign portfolio inflows into Indian capital markets, with the RBI limiting intervention. Forex reserves reached an all-time high of $381 billion as of June 2.

- Date: 2017-06-13 · published 2017-06-13T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/70796-outlook-on-rupee-post-rbi-policy-meet-and-current-global-backdrop
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Strong inflows and high reserves support the rupee, but the outlook depends on US yields and Fed hikes, which could strengthen the dollar and weigh on import costs for Indian feed buyers.

## Read by commodity

- USDINR: neutral

## Sources

- ndtvprofit.com: https://www.ndtvprofit.com/business/outlook-on-rupee-post-rbi-policy-meet-and-current-global-backdrop-1711741-10545984

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