RBI's net short fwd dollar position $57.85 bln Jul-end, dn $2.5 bln from Jun
This story was originally published at 20:43 IST on 29 August 2025
Register to read our real-time news.Informist, Friday, Aug. 29, 2025
MUMBAI – The Reserve Bank of India's net outstanding short positions in dollar/rupee forward contracts fell to $57.85 billion at the end of July from $60.39 billion at the end of June, data from the Reserve Bank of India Friday showed. This is the fifth straight month where the central bank's short forward positions have declined, from a peak of nearly $99 billion at the end of February.
The central bank's short positions with maturity of 1-3 months came down to $10.84 billion at the end of July from $11.85 billion a month ago. However, for the tenure of up to one month, the outstanding short positions rose to $7.70 billion at Jul-end, up $5.25 billion from a month ago. The net position of the RBI's forward book is the difference between its outstanding gross purchases and gross sales of forward contracts.
The central bank's short positions in forwards with maturity ranging from three months to a year fell to $19.22 billion as on Jul. 31 from $25.91 billion a month earlier. Its short positions in long-term forwards, with maturity over one year, remained unchanged from a month ago at $20.10 billion as of Jul-end. The central bank did not have any gross long positions in its forwards book at the end of July. The rupee fell over 2% against the dollar in July to 87.5950.
The details of the RBI's outstanding forward book as on Jul. 31 are as follows. All figures in million dollars:
| July | Total | Up To 1 Month | 1-3 Months | 3 Months-1 Yr | More Than 1 Yr |
| Short positions | 57,850 | 7,695 | 10,835 | 19,220 | 20,100 |
| Net change from Jun-end | (-)2,540 | 5,245 | (-)1,010 | (-)6,685 | 0 |
| Long positions | 0 | 0 | 0 | 0 | 0 |
| Net change from Jun-end | 0 | 0 | 0 | 0 | 0 |
| Net (long-short) | (-57,850) | (-7,695) | (-10,835) | (-19,220) | (-20,100) |
End
US$1 = INR 88.19
Reported by Pratiksha
Edited by Rajeev Pai
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
