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RBI faces $100 billion challenge after record currency defense
RBI faces a challenge unwinding its large bearish dollar bets. The central bank has begun trimming its massive short dollar forward position. This unwinding must be carefully managed to avoid currency market destabilization. Recent measures aim to attract foreign capital and support the rupee. Forecasters predict continued pressure on the Indian currency for the year.
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economictimes.indiatimes.com
RBI faces $100 billion challenge after record currency defense
RBI faces a challenge unwinding its large bearish dollar bets. The central bank has begun trimming its massive short dollar forward position. This unwinding must be carefully…
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newsbytesapp.com
After record rupee defence, RBI faces $100B challenge
The Reserve Bank of India faces a $106.7 billion short dollar position, as the rupee resumes declines after temporary gains from recent support measures.