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Rupee finds fair value
Financial Express Chandigarh
|July 28, 2025
IN TWO MONTHS, between April and May 2025, the central bank reduced its net forward book by $20 billion from $84 billion to $65 billion, signaling a strategic unwinding of its long dollar positions.
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While in the spot market in May, the RBI net purchased $1.7 billion. It bought $9.1 billion and sold $7.3 billion in the spot market.
Analysts believe this shift weighed heavily on the INR. By balancing a large short position and opportunistically buying dollars, the RBI has allowed the rupee to slide while containing volatility.
Cette histoire est tirée de l'édition July 28, 2025 de Financial Express Chandigarh.
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