RBI's forex forward book swells to record $136.7 billion
The Reserve Bank of India reported that its foreign exchange forward position hit a new record in July, fueled by enticing measures that drew overseas deposits. This remarkable growth not only surpassed last month’s statistics but also eclipsed th...
By Reuters |
ANI
MUMBAI: The Reserve Bank of India's foreign exchange forward position surged to an all-time high of $136.7 billion in July, according to data released on Monday, driven by an influx of overseas deposits following its measures to attract dollars.
The forward position jumped by about $33 billion from June, taking it well past the previous peak of $106.6 billion posted in May.
The forward position jumped by about $33 billion from June, taking it well past the previous peak of $106.6 billion posted in May.
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