By Subhadip Sircar
Bloomberg News
Thursday, April 30, 2026

The Indian central bank’s intervention in the derivatives market rose sharply in March with its net short dollar position surging to a record $103 billion.

Net short dollar positions rose $25.4 billion from February, according to Bloomberg calculations based on Reserve Bank of India data released today.

... Dispatch continues below ...

... ADVERTISEMENT ...

Are you ready to safeguard your assets using precious metals?

Hero Bullion is a precious metals dealer with an extensive inventory of competitively priced gold, silver, and platinum products.

We didn't get into this business just to sell metals. Our goal is to educate investors to help them make sounder financial decisions. For four years we have focused on educational resources, competitive prices, and reliable, secure shipping.

Check out our reviews. Hero Bullion is quickly becoming a favorite of customers all over the country. We're committed to helping you cut through the hype and build your portfolio with high-quality, affordable precious metals.

Visit us here: www.herobullion.com [1]

Hero Bullion: Gold and silver simply delivered

The data, which is a reflection of the RBI’s intervention in both onshore and offshore forwards markets, rose as the authority intensified its defense of the currency in the midst of surging crude prices following the US-Iran war.

“The massive buildup was expected as the central bank defended the currency in the spot and forwards market due to the Iran war,” said Madhavi Arora, chief economist at Emkay Global Financial Services Ltd.

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2026-04-30/rbi-s-short-dollar-book-surges-past-100-billion-for-first-time [2]

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:

https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 [3]

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org [4]

To contribute to GATA, please visit:

http://www.gata.org/node/16 [5]

Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work:

https://www.gata.org/sites/default/files/GATA-silver-round-front.png [6]