Indian Central Bank Boosts Dollar Shorts to Rein in Rupee Slide

The Indian central bank’s short dollar book in the offshore derivatives market climbed in September for the first time in seven months, reflecting its efforts to stem the rupee losses.

By Subhadip Sircar · Bloomberg Markets

The Indian central bank’s short dollar book in the offshore derivatives market climbed in September for the first time in seven months, reflecting its efforts to stem the rupee losses.