Reserve Bank of India reports record $239.2 billion net short dollar forward position for September

Exam-focused facts from the 1 November 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) recorded an outstanding net short dollar position of $239.2 billion in the forward market at the end of September.
The net short position increased from $200.06 billion reported at the end of August.
Net shorts with a maturity exceeding one year rose to $199 billion, while those in the three-month to one-year tenor reached $13.22 billion.
The rise in net short positions was driven by a special concessional swap window for Foreign Currency Non-Resident (Bank) (FCNR(B)) deposits, which was operational until September 11.
Banks mobilised $133 billion in FCNR(B) deposits through the special swap window.
The 12-month dollar-rupee forward premium rose to 4.57 per cent in October, compared to 3.36 per cent at the end of September.