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RBI
 
RBI's Forex Book Holds Clues to Fate of Open-Market Bond Sales
23-Nov-2017

Is the Reserve Bank of India done with its open-market bond sales to suck out liquidity?The biggest decline in benchmark yields in a year on Monday in reaction to the RBI canceling a debt sale would seem to suggest that, but traders should keep an eye on the central bank’s forward dollar book for clues.The RBI held $31 billion of forward dollars maturing over the next year as of Sept. 30, with $3.9 billion due by the end of December, the most recent data show.

News Source:- https://www.bloomberg.com/news/articles/2017-11-22/rbi-s-forex-book-holds-clues-to-fate-of-open-market-bond-sales