Report
RBI’s net short forward position rose to $200 billion in August
The Economic Times reports that Reserve Bank data show a rise from $136 billion in July, even as long positions increased.
TLDR
The Economic Times reports that the Reserve Bank of India’s net short forward position reached $200 billion in August, up from $136 billion in July. The RBI also added some long dollar positions. Gaura Sengupta, chief economist at IDFC First Bank, said rupee depreciation pressure appeared to be limiting the RBI’s ability to let its short positions mature fully.
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