RBI's net short fwd dollar position eases further to $53.36 bln at Aug-end
This story was originally published at 15:04 IST on 3 October 2025
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MUMBAI - The Reserve Bank of India's net outstanding sales of dollar/rupee forward contracts eased for the sixth consecutive month at the end of August as the central bank continued to trim some of its short positions, data from the RBI showed.
The central bank's net outstanding short forward positions fell to $53.36 billion at the end of August from $57.85 billion at the end of July. Of this, short positions with maturity of up to one month fell to $5.85 billion at the end of August, down $1.85 billion from a month ago. The central bank's short positions in forwards with maturity ranging from three months to a year fell to $12.96 billion as on Aug. 31 from $19.22 billion a month earlier.
However, for the tenure of 1-3 months, the outstanding short positions rose to $14.45 billion at Aug-end, up $3.61 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 RBI's short positions in long-term forwards, with maturity over one year, remained unchanged from a month ago at $20.10 billion as of August-end. The central bank did not have any gross long positions in its forwards book at the end of August. The rupee fell 0.7% against the dollar in August.
The details of the RBI's outstanding forward book as on Aug. 31 are as follows. All figures in million dollars:
| August | Total | Up To 1 Month | 1-3 Months | 3 Months-1 Yr | More Than 1 Yr |
| Short positions | 53,355 | 5,850 | 14,445 | 12,960 | 20,100 |
| Net change from Jul-end | (-)4,495 | (-)1,845 | 3,610 | (-)6,260 | 0 |
| Long positions | 0 | 0 | 0 | 0 | 0 |
| Net change from Jul-end | 0 | 0 | 0 | 0 | 0 |
| Net (long-short) | (-53,355) | (-5,850) | (-14,445) | (-12,960) | (-20,100) |
End
US$1 = INR 88.76
Reported by Pratiksha
Edited by Vandana Hingorani
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