Tag
The RBI's net short forward position rose to a record $104 billion in March, up from $77 billion in February. The surge reflects heavy intervention to shield the rupee from volatility, pushing effective import cover below nine months. Markets will watch whether the RBI needs to keep rolling these dollar commitments
Japan's finance minister warned markets after the yen fell past 160 per dollar, a level that has previously triggered government currency intervention. A weaker yen drives up import costs for fuel, food, and materials, adding to domestic inflation pressure. Markets are watching for signs that Tokyo may move from verbal
The Reserve Bank of India has told state-run oil refiners to use a dedicated credit line for dollar purchases instead of buying on the spot market. The directive removes a major, recurring source of dollar demand from open trading, directly reducing depreciation pressure on the rupee. The RBI used comparable measures d
Tag
The RBI's net short forward position rose to a record $104 billion in March, up from $77 billion in February. The surge reflects heavy intervention to shield the rupee from volatility, pushing effective import cover below nine months. Markets will watch whether the RBI needs to keep rolling these dollar commitments
2mo ago · 1 min · Markets
Japan's finance minister warned markets after the yen fell past 160 per dollar, a level that has previously triggered government currency intervention. A weaker yen drives up import costs for fuel, food, and materials, adding to domestic inflation pressure. Markets are watching for signs that Tokyo may move from verbal
2mo ago · 1 min · Global Affairs
The Reserve Bank of India has told state-run oil refiners to use a dedicated credit line for dollar purchases instead of buying on the spot market. The directive removes a major, recurring source of dollar demand from open trading, directly reducing depreciation pressure on the rupee. The RBI used comparable measures d
2mo ago · 1 min · Economy
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