RBI's net short position rises to $77 billion in February
market hours1 source ↓written by the desknot a recommendation
- in February
- $77 billion
- in January
- $67 billion
- year rose
- $9 billion
- $49.1 billion
- forwards increased
- $1 billion
The Reserve Bank of India's net short position increased to $77 billion in February, up from $67 billion in January, as it defended the rupee amid global challenges. Positions in forwards over one year rose by $9 billion to $49.1 billion, while up to one year forwards increased by $1 billion to $28.5 billion. This trend may limit the RBI's ability to use spot reserves effectively.
Not investment advice. For informational purposes only.