RBI's net short forward book swells to record $200 billion on FCNR(B) impact

The Reserve Bank of India's net short forward book has swelled to a record $200 billion, driven by the impact of Foreign Currency Non-Resident (Bank) deposit inflows, according to a report. The record short forward position reflects the central bank's intervention and hedging dynamics in the currency market.

Detected & updated continuously · Source: Nebula