RBI Governor Sanjay Malhotra said the central bank’s net short forward-dollar position is “very manageable,” pointing to prior liquidity swaps and recent actions to support the balance of payments. The update suggests limited near-term FX/forward-stability risk, but it’s unlikely to materially move broader markets on its own.
RBI Governor Sanjay Malhotra said the central bank’s net short forward-dollar position is “very manageable,” pointing to prior liquidity swaps and recent actions to support the balance of payments. The update suggests limited near-term FX/forward-stability risk, but it’s unlikely to materially move broader markets on its own.
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mildly positive
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