✉news CultureBooks first seen 1 d ago, last 13 h ago, peak #3
RBI's FX forward book seen shrinking after $200 billion peak
Original: India RBI's FX forward book tipped to shrink after touching $200 billion
India's central bank built up its foreign exchange forward book to roughly $200 billion, and analysts now expect the Reserve Bank of India's forward positions to shrink going forward. The report highlights how the RBI used forwards to manage rupee liquidity and support the currency, and that this intervention tool may now unwind, a shift markets watch for implications on the rupee and banking liquidity.
Why now: Traders and analysts are watching how a potential unwinding of RBI forward positions could affect the rupee and Indian liquidity conditions.
Reserve Bank of IndiaIndian rupeeIndia
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/488351