RBI turned a net buyer of dollars in January 2026, purchasing $2.52 billion after eight months, even as forward market positions and currency metrics shifted
Outstanding forward market short position climbs to $88.7 billion
The REER is expected to have declined further in January 2025, said market participants
In October 2024, the rupee appreciated by 1.8 per cent month-on-month (M-o-M) in terms of the 40-currency REER
Given its stage and uncompetitive infrastructure, India's approach has been largely naïve or self-destructive
An informed and data driven debate on estimating a currency's valuation is required