RBI’s net short forward position hits record $106.6 billion amid rupee pressure
The Reserve Bank of India’s intervention to shield the rupee from volatility, fueled by Middle East tensions, has widened its net short forward position to a record $106.6 billion. Despite a recent dip to a historic low, the rupee has shown recovery, buoyed by anticipated foreign capital inflows. These expected inflows are seen as a potential avenue for the RBI to reduce its forward position and bolster foreign exchange reserves.
The Reserve Bank of India’s intervention to shield the rupee from volatility, fueled by Middle East tensions, has widened its net short forward position to a record $106.6 billion. Despite a recent dip to a historic low, the rupee has shown recovery, buoyed by anticipated foreign capital inflows. These expected inflows are seen as a potential avenue for the RBI to reduce its forward position and bolster foreign exchange reserves.
Continue Reading
- Stock market today (March 24, 2026): Nifty50 opens above 22,800; BSE Sensex rises over 1,100 points as US-Iran war tensions ease
-
‘Enigma Of Success’: Microsoft CEO Satya Nadella After 15,000 Job Cuts
- India’s Bangladesh tour back on track? BCB reaches out to BCCI
-
“Nitish Kumar Loves Children”: JDU Leader On Him Pulling Down Doctor’s Hijab
- UK Man Charged With Drugging, Raping Former Wife For Over 13 Years
-
Iran Announces New Body To Give “Real-Time Updates” On Strait Of Hormuz
-
“Supercalifragilisticfantabulous”: Sunil Gavaskar Sums Up India’s Guwahati Dominance vs New Zealand
-
Goa Club Owners May Get Interpol’s Blue Corner Notice: What Are Colour-Coded Alerts
- Rs 3 Lakh Shootout Deal, Signal Chats: Inside The Rohit Shetty Firing Case
- Cracks In Bangladesh Cricket Board Over T20 World Cup Venue Row, Second Letter Sent To ICC: Report