India rupee defense lifts key forex tool past $110 billion mark
- Posted on June 8, 2026
- By Business News Today
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- 1 min read
India rupee defense lifts key forex tool past $110 billion mark
The Reserve Bank of India has reached a record $110-$115 billion in its net-short dollar book, a key tool for defending the rupee. This significant increase in forward dollar sales, particularly in offshore markets, aims to curb excessive volatility driven by factors like oil price shocks and speculative pressures.
