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.

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…

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.