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RBI's record dollar forward position undermines forex reserves comfort
Hindustan Times Jammu
|March 04, 2025
The Reserve Bank of India's record short US dollar forward position, built over months to support the rupee amid equity outflows and US trade policy worries, is diminishing the comfort offered by its large forex reserves.
MUMBAI:
The RBI's net short dollar position in forwards and futures hit a record high of $77.5 billion in January 2025, as per data released after market hours on Friday. The data is released with a one-month lag.
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