# India central bank's FX forward book balloons to over $100 billion as Iran war pummels rupee | MarketScreener

> 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.

- Date: 2026-04-30 · published 2026-04-30T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/20008-india-central-bank-s-fx-forward-book-balloons-to-over-100-billion-as-iran-war
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: bullish ▲

## Sources

- marketscreener.com: https://www.marketscreener.com/news/india-central-bank-s-fx-forward-book-balloons-to-over-100-billion-as-iran-war-pummels-rupee-ce7f58dbd08ff02d

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.