Finance — RBI intensifies use of forward markets to defend rupee, conserve spot reserves

The Reserve Bank of India is increasingly relying on the forward market to manage rupee volatility, a strategy that helps preserve its spot foreign exchange reserves. By selling dollars for future delivery, the central bank can intervene to support the currency without immediately depleting its holdings. This shift in tactics comes as the RBI continues its efforts to stabilize the rupee against global currency fluctuations.