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The Reserve Bank of India increased its net short dollar forward positions by $4.2 billion in October, the second monthly increase. Analysts say this shows greater reliance on forward markets to defend the rupee.
The rupee has been pressured by trade deal talks, weak portfolio inflows and a gold-driven trade deficit.
Heavier central bank forward intervention signals sustained rupee pressure, which keeps India's dollar-denominated import costs elevated.
Not 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.