RBI reduced its forwards book for the third straight month and countered its impact on liquidity by large open market operations (OMOs) in May, economists said. RBI's total net short dollar position in the forward book stood at $45 billion as of May 31. This comes after the forward book stood at $52.4 billion in April, and a peak of $78 billion in February.
Most of the positions were in the three month to one year segment with forwards of $30 billion, and $10 billion in the 1-3 month segment. RBI had done OMOs for ₹1.25 lakh crore in May.
Most of the positions were in the three month to one year segment with forwards of $30 billion, and $10 billion in the 1-3 month segment. RBI had done OMOs for ₹1.25 lakh crore in May.
You may also like
'Traitor, sell out': Thailand PM Paetongtarn Shinawatra suspended over leaked phone call with former Cambodian leader - what were the two discussing?
Common prescription drugs that can be fatal when taken in scorching 35C heatwaves
How much wealth did Shefali Jariwala leave behind, this is how she used to earn money
Halloumi will be crispier and the 'best' dinner if you do one thing before cooking
Tentative contestants list of Bigg Boss 19: Check all 21 names
