BEAMSTART Logo

HomeNews

RBI starts to cut short position of forward dollar book as rupee gains

Business Standard LogoBusiness Standard7h ago

RBI starts to cut short position of forward dollar book as rupee gains - Business Standard

Quick Summary:

With the rupee appreciating 4.

India’s total foreign exchange reserves stood at $688 billion as of the week ending 25 April, $17 billion short of the $705 billion peak recorded in the last week of September 2024.

This is why—even when liquidity is in surplus—the RBI is still conducting OMOs, aligning with its accommodative stance to maintain surplus liquidity in the banking system," Jain added.

More Pictures

RBI starts to cut short position of forward dollar book as rupee gains - Business Standard (Picture 1)

or

Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 20:05:32 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 648 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28403920

View Article Analysis

About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 304 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "RBI starts to cut short position of forward dollar book as rupee gains" has 648 words across 26 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Which news outlet covered this story?

The story "RBI starts to cut short position of forward dollar book as rupee gains" was covered 7 hours ago by Business Standard, a news publisher based in India.

How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.

The outlet is headquartered in India and publishes an average of 304 news stories per day.

It's most recent story was published 3 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #28403920
  • URL: https://saintseiya.beamstart.com/news/rbi-starts-to-cut-short-17464561126668

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.