An $84 Billion Short Book Is Putting Pressure on India's Rupee
The Indian rupee is emerging Asia's worst performer this quarter and may continue to lag peers as the central bank aims to avert a depletion in its foreign-exchange reserves, according to analysts.
The Reserve Bank of India had dollar repayments of near record high of $84.3 billion as of March as indicated by its net short forwards position, a measure of the amount of greenback it has agreed to sell at a future date.
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