India central bank’s FX forward book balloons to over $100 billion as Iran war pummels rupee
By Jaspreet Kalra MUMBAI, Apr 30 (Reuters) – The Reserve Bank of India’s short dollar positions in the FX market ballooned to a record high $104 billion in March, data showed on Thursday, highlighting its efforts to defend the rupee from the threat posed by the Iran war to India’s economic outlook. The RBI’s short-dollar…
