In May and June, the RBI had bought $28.3 billion of forex forwards. According to the Bank of America Merrill Lynch report, this fully covers its short outstanding forwards position, including $26 billion of FCNR-B swaps. Photo: Hemant Mishra/Mint
1 min read . 30 Sep 2022 The reserves, which have been dipping as the central bank deploys the kitty to defend the rupee amid global volatility, had declined by over $5.2 bn to $545.54 bn
