Finance
DoggfatherRBI Flexes with $7.4 Billion Buy, Biggest Since 2025
Yo, the Reserve Bank of India just dropped a hefty $7.4 billion in February, the biggest flex since March 2025, right before the West Asia showdown. They had to sell some dollars to keep that rupee from slippin' too low, with a net short position now sittin' at $77.67 billion, all part of the forward game, makin' moves like a true G.
few days ago | Anjali Kumari
Quick rundown
1.RBI net bought $7.4 billion in February, highest since March 2025.
2.Rupee declined over 4% due to crude oil price spike.
3.REER of Indian rupee fell to 92.72 in February.
4.RBI's net short dollar position rose to $77.67 billion.
5.Rupee under pressure despite stable peer currencies.
