Updated

Updated · Bloomberg · Jun 8

RBI’s Net-Short Dollar Book Hits Record $115 Billion Defending Rupee

Updated

Updated · Bloomberg · Jun 8

RBI’s Net-Short Dollar Book Hits Record $115 Billion Defending Rupee

2 articles · Updated · Bloomberg · Jun 8

$110 billion-$115 billion: the Reserve Bank of India’s net-short dollar book has climbed to a fresh record in recent weeks, reflecting heavier forward dollar sales to support the rupee.
That position spans onshore and offshore markets and measures how far the RBI has sold forward from its dollar reserves as pressure on the currency persisted.
$95.3 billion in April had already marked a pullback from the previous record of $103.1 billion in March, making the latest jump a sharp reversal in the RBI’s intervention stance.

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Left100%

Bloomberg3h ago

RBI's Net-Short Dollar Book Hits Record $110 Billion-$115 Billion Defending Rupee

In 2013, the FCNR (B) scheme mobilised a critical $26 billion. The rupee's fall was arrested, and the currency clawed its way back. Should India walk on the same path again? https://timesofindia.indiatimes.com/toi-plus/business-economy/can-a-raghuram ...

Is the RBI's record $115B intervention a sustainable shield or a ticking time bomb for the Indian rupee?

With its main defense tool stretched, what is the RBI's next move if global economic pressures intensify?

Could letting the rupee fall freely be a better long-term strategy for India's economy than this costly defense?

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2 total

Left100%

Bloomberg3h ago

RBI's Net-Short Dollar Book Hits Record $110 Billion-$115 Billion Defending Rupee

In 2013, the FCNR (B) scheme mobilised a critical $26 billion. The rupee's fall was arrested, and the currency clawed its way back. Should India walk on the same path again? https://timesofindia.indiatimes.com/toi-plus/business-economy/can-a-raghuram ...

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