Domestic and global headwinds challenge RBI's forex policy
Hindustan Times Jaipur|December 14, 2024
MUMBAI: The Reserve Bank of India's (RBI) efforts to slow the rupee's decline have been relentless, but its already-stretched strategy is now challenged by weak economic growth, tepid foreign inflows, and a buoyant dollar's threat to Asian currencies, especially the Chinese yuan.
- Reuters
Domestic and global headwinds challenge RBI's forex policy

The dollar index has rallied more than 3% since Donald Trump won the US presidential election on November 5. The rupee fell just 0.8% at that time, making it the second-best among major Asian currencies, largely due to the RBI's intervention. This intervention has stretched across segments: buying and selling dollars in the onshore spot and forward markets, taking positions in local currency futures and in the non-deliverable forward (NDF) market.

"The amount of intervention has been quite substantial... We can say intervention is a little bit stretched but, at the same time, it is a call that the RBI must take," said B. Prasanna, head of global markets at ICICI Bank.

この蚘事は Hindustan Times Jaipur の December 14, 2024 版に掲茉されおいたす。

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この蚘事は Hindustan Times Jaipur の December 14, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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