Loading…
The Reserve Bank of India holds a record short forward dollar position, which weighs on the perceived comfort of its FX reserves. Spot reserves declined while forward dollar sales surged as the RBI leaned against rupee weakness.
The pressure was linked to equity outflows and US tariff anxieties.
Heavy forward dollar sales signal that the RBI is defending the rupee and may limit how far it can keep supporting the currency. If reserve cushions shrink, the rupee could face renewed pressure, which would affect dollar-priced Indian exports and imports.
reuters.comNimesh VoraMar 3, 2025Not 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.
