Economic Times1h agoBusinessIndia
RBI Faces Challenge Unwinding Large Dollar Bets to Support Rupee
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- India's central bank is carefully unwinding its massive short dollar forward position, built to support the rupee.
- The challenge lies in managing the pace to avoid currency market destabilization, as forecasters predict continued pressure on the Indian currency.
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India's central bank is carefully unwinding its massive short dollar forward position, built to support the rupee. The challenge lies in managing the pace to avoid currency market destabilization, as forecasters predict continued pressure on the Indian currency.
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This article was originally published by Economic Times.
