FinanceRecent
RBI's net short forward positions hit record $137 billion in July
Economic Times — Markets✓
Original Reporting
AI EXECUTIVE SUMMARY
The Reserve Bank of India's net short forward positions soared to a record high of $137 billion in July, driven by long-term swaps related to forex inflow strategies. The most notable rise occurred in short positions exceeding one year, climbing to $91 billion. The central bank's intervention tactics cover spot, NDF, and forward markets as India’s foreign exchange reserves reached an impressive $729.33 billion.
The Reserve Bank of India's net short forward positions soared to a record high of $137 billion in July, driven by long-term swaps related to forex inflow strategies. The most notable rise occurred in short positions exceeding one year, climbing to $91 billion. The central bank's intervention tactics cover spot, NDF, and forward markets as India’s foreign exchange reserves reached an impressive $729.33 billion.
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