19 Mar 2026 | 5 Mins Read
RBI Defends Rupee, Expenditure Nears $100 Billion Limit
Flipitmoney
The Reserve Bank of India's (RBI) net-short dollar book has reached a record level, nearing $100 billion, as it intervenes in offshore markets to defend the rupee against the strong dollar. RBI's FX reserves stood at near-record $717 billion in March. The RBI has used short-dated contracts and buy-sell swaps to influence the exchange rate, signaling policy intent and steadying the currency.