RBI Forward Book Shrinks as Rupee Recovers

Published 1 year ago

The Reserve Bank of India's FX forward book decreased by $11.7 billion to $72.58 billion in April, coinciding with the Indian rupee's recovery from its record low. This follows prior dollar-selling interventions by the RBI to bolster the rupee.

RBI’s FX forward book fell to $ 72.58 B.
Rupee recovered to 85.5775 on Friday.
Interventions previously built a short dollar position.

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