The RBI’s $143 billion swap mobilisation has failed to ease rupee pressure. Fresh currency controls reveal the limits of debt-funded reserves
Dhananjay Sinha
October 13, 2026 at 2:27 AM IST
istock.com
How the RBI’s forex risk reserve changes hedge pricing, why bank charges matter and what could happen if importers leave currency risks unhedged
Anil Katia
October 12, 2026 at 4:18 AM IST
RBI’s buy-sell FX swaps are read as rupee signals. They are not. An explainer on why swaps manage liquidity and hedging, not the exchange rate.
V Thiagarajan
January 14, 2026 at 4:24 AM IST