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The Reserve Bank of India's net short dollar forward book hit a record $104 billion in March, up $26.5 billion month-on-month, as it defended the rupee against Iran war pressures. The rupee had fallen over 4% in March to a then all-time low of 95.21.
Analysts warn that unwinding the large RBI short-dollar position could create fresh dollar demand and further pressure the rupee, raising India's import costs for commodities.
marketscreener.comReutersApr 30, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
