Nomura Securities strategist Chen Klay and others said in the research report that according to data disclosed by the Bank of India, an additional foreign exchange inflow of 95.6 billion US dollars was added in August through preferential exchange tools. Based on this, it is estimated that the size of the Bank of India's net forward short position in August may expand to 232.3 billion US dollars. Agencies estimate that the Bank of India made a total net sale of US$15.3 billion in the spot and forward foreign exchange markets in August. Analysts said that the Bank of India will be cautious in using spot foreign exchange reserves and will increase its holdings of the US dollar when conditions are right.

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