🇮🇳 RBI’s Dollar Short Position Reaches Record $137B
➡️ The Reserve Bank of India’s net short position on the US dollar has surged to an all-time high.
➡️ $127B: Dollars deposited by Indian expatriates into Indian banks through a special RBI initiative.
➡️ $136.4B: Total foreign-currency inflows—now at a record peak.
➡️ $729.3B: India’s foreign exchange reserves hit a historic high.
➡️ Rupee strengthens to a two-month high against the dollar.
➡️ Caveat: Eventually, the RBI will need to repay these dollars—potentially capping future rupee appreciation.
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