01521nam a22002657a 4500003000400000005001700004008004100021040001000062041000800072100002300080245008300103246005300186520067900239630000800918650001800926650002700944650001400971650002100985650002501006856008301031942001201114942001101126999001701137952010101154OSt20240919154352.0240919b        |||||||| |||| 00| 0 eng d  cSTCPL  aENG  aSmita Roy Trivedi   a Keeping the Indian Rupee Stable: Forward Market Interventions and Its Impact   aEPWfVol.59; No.36 - g07 Sep. 2024 hpp. 15-18   aThe 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.   aECO  aIndian rupee   aReserve Bank of India   aCurrency   aMonetary policy   aMarket intervention   uhttps://www.epw.in/journal/2024/36/commentary/keeping-indian-rupee-stable.html  cARTICLE  2ddcn0  c83399d83399  00102ddc40708ECOaSTCPLbSTCPLcBVSd2024-09-19l0r2024-09-19 15:44:07w2024-09-19yARTICLE