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The Reserve Bank of India's net short forward dollar position reached a record $239.2 billion by the end of September, more than doubling since June. The increase followed a special dollar-rupee swap window that drew about $144 billion in inflows, mostly through FCNR deposits.
Heavy RBI forward selling of dollars is a costly defence of the rupee and creates future dollar delivery obligations. This signals sustained currency pressure that could keep India's import costs for feed ingredients elevated.
cnbctv18.comAlpha DeskNov 2, 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.
