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RBI’s $239 bn forward dollar position to limit rupee gains despite FPI inflows: Report

viaeconomictimes.indiatimes.com1h ago
RBI’s $239 bn forward dollar position to limit rupee gains despite FPI inflows: Report
The Reserve Bank of India currently has a net short position of USD 239 billion in the forward market, which may hinder the rupee’s ability to strengthen, even as foreign portfolio investor inflows improve. This influx could potentially be managed by the Reserve Bank, capping any gains for the…

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