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India is MASSIVELY Shorting The Dollar (Here’s What You Need To Know)
India's RBI just recently has gone *massively* short the US dollar and in the NDF market, too, just to keep the crumbling rupee from sinking even more. This won't work exposing the central bank to losses and also potentially amplifying the downdraft in the currency. A big update on the fundamentals explains.
Eurodollar University's Money & Macro Analysis
Bloomberg India Plows Into NDF Market as It Fights Back Against Dollar
https://www.bloomberg.com/news/articles/2024-11-29/india-plows-into-ndf-market-as-it-fights-back-against-dollar
Bloomberg India’s Growth Shocker Puts Pressure on RBI to…
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