Economic TimesLean R·
Rupee's defence takes RBI dollar shorts to a record high
The Reserve Bank of India's net short forward position in the currency market surged to a record $106.6 billion in May, indicating significant interventions to shield the rupee from hitting new lows amid global tensions. While the rupee has since recovered from its record low due to capital inflows and policy measures, the central bank faces a decision on whether to reduce its forward position or bolster reserves.
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