India’s Short Dollar Derivatives Book Hits Record

This Is A Dangerous Game: The Indian central bank’s short dollar book in the derivatives market hit a fresh record in January, reflecting its efforts to counter a surging dollar. The Reserve Bank of India’s net dollar short forwards position — the amount of dollars that will be sold at a future date for a pre-set price — hit an all-time high of $77.5 billion last month, after rising to $68 billion in December

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