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The Economic Times

Global Business / The Economic Times

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India rupee defense lifts key forex tool past $110 billion mark

The Reserve Bank of India has reached a record $110-$115 billion in its net-short dollar book, a key tool for defending the rupee. This significant increase in forward dollar sales, particularly in offshore markets, aims to curb excessive volatility driven by factors like oil price shocks and speculative pressures.

8 Jun 2026 2:43 pm