Indian central bank expands forward book to defend rupee
pre-market1 source ↓written by the desknot a recommendation
- at month-end
- $59.4 billion
India's central bank increased its short dollar forward positions by $6 billion in September, marking the first rise in six months. The net short position in FX forwards stood at $59.4 billion at month-end, indicating ongoing dollar sales to support the rupee amid continued depreciation. This move may stabilize market sentiment around the INR.
Not investment advice. For informational purposes only.