RBI’s net short forward position hits record $106.6 billion amid rupee pressure
The Reserve Bank of India's intervention to shield the rupee from volatility, fueled by Middle East tensions, has widened its net short forward position to
The Reserve Bank of India's intervention to shield the rupee from volatility, fueled by Middle East tensions, has widened its net short forward position to a record $106.6 billion. Despite a recent dip to a historic low, the rupee has shown recovery, buoyed by anticipated foreign capital inflows. These expected inflows are seen as a potential avenue for the RBI to reduce its forward position and bolster foreign exchange reserves.
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