RBI's net short dollar forward position hits record $239.2 bn in September
FROM THE WIRE · BUSINESS-STANDARD.COM
RBI's net short dollar forward position rose from $200.06 billion in August to $239.2 billion in September, driven by FCNR(B) swaps, as forward premiums climbed sharply in October
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA record RBI forex position is relevant for currency markets and the rupee.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The RBI net short dollar forward position rose from $200.06 billion in August to $239.2 billion in September.
- 02The increase was driven by FCNR(B) swaps.
- 03Forward premiums climbed sharply in October.