India’s borrowed dollars programme could cost banks around $3.6–4.1 billion a year in interest, while the principal remains payable. Meanwhile, RBI’s forward liabilities stand at $136.7 billion.
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🚨 RBI’s forex forward liabilities have jumped to a record as its special FCNR(B) swap window closes.
The RBI’s forex forward position rose by about $33 billion in July to a record $136.7 billion…
September 2, 2026 172
