RBI's net short forward positions hit record $137 billion in July

The Reserve Bank of India's net short forward positions soared to a record high of $137 billion in July, driven by long-term swaps related to forex inflow strategies. The most notable rise occurred in short positions exceeding one year, climbing to $91 billion. The central bank's intervention tactics cover spot, NDF, and forward markets as India’s foreign exchange reserves reached an impressive $729.33 billion.