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RBI's net short position rises to $77 billion in Feb as it defends rupee

The Reserve Bank of India's net short position in forwards rose to $77 billion in February. This move impacts the central bank's capacity to protect the rupee. The forward book is projected to exceed $100 billion. This situation affects foreign exchange reserves and rupee liquidity. The market now closely watches import cover levels.

1 Apr 2026 12:32 am