RBI's forex forward book swells to record $136.7 billion
The Reserve Bank of India reported that its foreign exchange forward position hit a new record in July, fueled by enticing measures that drew overseas deposits. This remarkable growth not only surpassed last month’s statistics but also eclipsed the previous peak from May, indicating a robust inflow of dollars into the nation’s financial system.
We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.
