RBI looks to have boosted forwards intervention in rupee fight  Economic TimesView Full coverage on Google News
The move shows the central bank is pulling out all the stops to curb losses in the currency, which set a series of record lows this month and threatens to further accelerate inflation. The RBIs intervention strategy has caused dollar-rupee one-year annualized forward premiums to fall below 3% for the first time in a decade, according to Standard Chartered.The move shows the central bank is pulling out all the stops to curb losses in the currency, which set a series of record lows this month and threatens to further accelerate inflation. The RBIs intervention strategy has caused dollar-rupee one-year annualized forward premiums to fall below 3% for the first time in a decade, according to Standard Chartered.

rupee fall: RBI looks to have boosted forwards intervention in rupee fight - The Economic Times

The latest Tweet by Bloomberg states, 'India’s central bank appears to have ramped up intervention in the forwards market to slow the rupee’s decline and preserve its hard-earned reserves ...' India's Central Bank Appears to Have Ramped Up Intervention in the Forwards Market to ... - Latest Tweet by Bloomberg.The latest Tweet by Bloomberg states, 'India’s central bank appears to have ramped up intervention in the forwards market to slow the rupee’s decline and preserve its hard-earned reserves ...' India's Central Bank Appears to Have Ramped Up Intervention in the Forwards Market to ... - Latest Tweet by Bloomberg.

India's Central Bank Appears to Have Ramped Up Intervention in the Forwards Market to ... - Latest Tweet by Bloomberg | LatestLY

The RBI has run off its short dollar positions and at the same time elongated its forward dollar purchases to manage the impact of its forex intervention on domestic rupee liquidity.The RBI has run off its short dollar positions and at the same time elongated its forward dollar purchases to manage the impact of its forex intervention on domestic rupee liquidity.

Chart of the Day: Short dollar positions vanish from RBI’s books in April

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In the reporting month, RBI bought $11.965 billion and sold $10 billion in the spot market, the bulletin released on Thursday showed. In the reporting month, RBI bought $11.965 billion and sold $10 billion in the spot market, the bulletin released on Thursday showed.

RBI Turns Net Buyer Of US Dollar In April; Buys $1.965 Billion

In the reporting month, RBI bought $11.965 billion and sold $10 billion in the spot market, the bulletin showed. In the reporting month, RBI bought $11.965 billion and sold $10 billion in the spot market, the bulletin showed.

RBI turns net buyer of US currency in April; buys $1.9 bn - BusinessToday

To limit the impact of its FX intervention on domestic rupee liquidity, the RBI has closed its short dollar holdings while also extending its forward dollar purchases.To limit the impact of its FX intervention on domestic rupee liquidity, the RBI has closed its short dollar holdings while also extending its forward dollar purchases.

In April, the RBI would no longer have any short dollar positions on its books

It had bought USD 113.991 billion and sold USD 96.679 billion in the spot market in FY22.In the forward dollar market, the outstanding net purchase at the end of April 2022 was USD 63.826 billion, compared to a purchase of USD 65.791 billion in March 2022, the data showed.It had bought USD 113.991 billion and sold USD 96.679 billion in the spot market in FY22.In the forward dollar market, the outstanding net purchase at the end of April 2022 was USD 63.826 billion, compared to a purchase of USD 65.791 billion in March 2022, the data showed.

RBI turns net buyer of US currency in April; buys USD 1.965 bn | Business

In the reporting month, the central bank bought $11.965 billion and $USD 10 billion in the spot market, according to RBI's monthly bulletin for JuneIn the reporting month, the central bank bought $11.965 billion and $USD 10 billion in the spot market, according to RBI's monthly bulletin for June

RBI turns net buyer of US dollar in April | Mint

According to the latest data, the RBI purchased $1.96 billion in AprilAccording to the latest data, the RBI purchased $1.96 billion in April

Reserve Bank of India turns net buyer of dollars in April, shows data | Business Standard News

The RBI has run down its forward-dollar book by $12 billion to $15 billion from about $64 billion at the end of April, according to estimates by DBS Bank and Standard CharteredThe RBI has run down its forward-dollar book by $12 billion to $15 billion from about $64 billion at the end of April, according to estimates by DBS Bank and Standard Chartered

RBI May Have Boosted Forwards Intervention To Check Rupee Fall, Save Reserve

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