#Latest news with #dollarRepaymentsBloomberg3 days agoBusinessBloombergAn $84 Billion Short Book Is Putting Pressure on India's RupeeThe 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.
Bloomberg3 days agoBusinessBloombergAn $84 Billion Short Book Is Putting Pressure on India's RupeeThe 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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