01408nam a22002537a 4500 OSt 20240919154352.0 240919b |||||||| |||| 00| 0 eng d STCPL ENG Smita Roy Trivedi Keeping the Indian Rupee Stable: Forward Market Interventions and Its Impact EPW Vol.59; No.36 - 07 Sep. 2024 pp. 15-18 The Indian rupee has been consistently stable in the recent past in keeping with the signals from the Reserve Bank of India that it will prevent sharp volatility in the currency. The monthly data released by the RBI show that both spot and forward market interventions have been used for currency interventions. In a recent monetary policy statement, the RBI governor explicitly iterated that the central bank will be in the forward market to support the rupee. In this context, the shifting modus of the RBI intervention from spot to forward markets and reasons behind such a paradigm shift are examined along with the cost and benefits of the forward market intervention. ECO Indian rupee Reserve Bank of India Currency Monetary policy Market intervention https://www.epw.in/journal/2024/36/commentary/keeping-indian-rupee-stable.html ARTICLE ddc 0 83399 83399 0 0 ddc 0 0 ECO STCPL STCPL BVS 2024-09-19 0 2024-09-19 15:44:07 2024-09-19 ARTICLE