Tag: Foreign exchange market
Asia’s Central Banks Face Risks from Dollar Forwards
Central banks across Asia are facing new challenges as they increasingly turn to derivatives to shield their currencies from a strong dollar. The Reserve Bank of India reported a record net dollar short forward...
Forex Reserves Hit 10-Month Low, INR at 86.61 per USD – Times of India
Forex Reserves Plummet to 10-Month Low
Forex reserves in India have taken a sharp nosedive to a 10-month low, standing at $625.9 billion as of January 10, marking a concerning trend of decline over the...