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RBI’s US$106 Billion Forward Position: The Art of Financial Necromancy
The Reserve Bank of India (RBI) has accumulated a record US$106 billion short U.S. dollar forward position, a strategy designed to prop up the rupee while maintaining the polite fiction... 
From "Vishwa Guru" to "Vishwa Gangster": India’s Latest Export Success Story
By Nisith Dey
So, the U.S. Department of Justice just dropped the curtains on "Operation Hard Ball," and it turns out India is finally moving up in the world—right alongside... 
Why I Wish I Were Born on an Island of 50,000 People
Watching a nation of fewer than 50,000 people—a country appearing in its first-ever FIFA World Cup—pushing the reigning champions to the brink for 110 minutes was a masterclass in... 
The Hidden Risks in the RBI’s FCNR Deposit Scheme: A Structural Threat to Indian Banking
By Nisith Dey
The Reserve Bank of India (RBI) recently launched an FCNR deposit scheme—running until September 30, 2026—in an attempt to attract dollar inflows. While the mechanics of the... About The Author
