RBI’s Forward Dollar Position Hits Record $239.2 Billion
The Reserve Bank of India’s net short dollar position reached a record $239.2 billion as the rupee remained under pressure.
India's foreign exchange defence is becoming increasingly expensive for the Reserve Bank of India (RBI), even as the central bank continues to attract record dollar inflows and step up its intervention in the currency market.The rupee remains under pressure, with the RBI's net short dollar position…