RBI boosts forward dollar sales in Feb to shield rupee from tariff shock

April 23, 2025

The Reserve Bank of India sold $88.75 billion in forwards in February, up from $77.52 billion in January, to defend the rupee amid U.S. tariff-related volatility. Spot sales dropped, indicating a strategic rollover of contracts.

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FCNR(B) scheme has bought India 3-5 years, but $170 billion repayment cliff looms: Uday Kotak

Uday Kotak has described India’s $130-billion-plus FCNR(B) mobilisation as a “strong insurance policy” against global shocks, but warned that repayments including interest could reach $160-170

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Global Market Today: Wall Street gains lift Asian stocks as Fed decision looms

Gauges in Japan and South Korea advanced, helping the broader MSCI Inc.’s Asia Pacific equities gauge rise 0.6%. Equity-index futures for US stocks also climbed

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