RBI's record $104B forward book signals rupee defense limits
pre-market1 source ↓written by the desknot a recommendation
- to a record
- $104.16 billion
- from February
- 34% rise
- in March
- 4.24%
- year-to-date
- 5.6%
The Reserve Bank of India (RBI) has increased its dollar short-forward positions to a record $104.16 billion, marking a 34% rise from February. This expansion aims to defend the rupee amid volatility, which fell 4.24% in March and 5.6% year-to-date. Analysts suggest this indicates the RBI's limited capacity to directly sell dollars from reserves.
Not investment advice. For informational purposes only.