Current Affairs · RBI Forex Operations and Derivatives Market Interventions
Based on the structural mechanisms of the RBI's forex intervention strategy aimed at reducing intraday Rupee volatility, which of the following statements is/are correct? 1. The RBI's intervention to defend the domestic currency incorporated daily spot market sales ranging from $1-2 billion during periods of severe volatility. 2. The Net Dollar Short Forward Position, indicating the volume of dollars the RBI contracted to deliver/sell at future dates, reached a record $68 billion in late 2024. 3. The strategic interventions responsible for narrowing intraday volatility were strictly confined to onshore markets, deliberately excluding offshore non-deliverable forwards (NDF). Select the correct option:
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