India cenbank net FX forwards in up to 1-yr maturities up $1.14 bln in July

September 1, 2015 10:05 AM

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MUMBAI, Sept 1 The Reserve Bank of India's net forward dollar book rose by $1.14 billion for up to one-year maturities in July, compared with $730 million in the previous month, according to Reuters calculations based on data from the central bank's website.

The RBI also seems to have shifted its forwards intervention strategy to the longer end, as it bought $865 million of more than one-year dollar/rupee premium after a gap of several months, taking the on-month increase in overall forwards to $2.01 billion.

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