Indian companies cut dollar purchases used to hedge against rupee weakness to an eight-month low, a sign that the central bank’s crackdown on what it called speculative bets against the currency is yielding results.
India’s Dollar Hedging Slumps as RBI Cracks Down on Speculation
Indian companies cut dollar purchases used to hedge against rupee weakness to an eight-month low, a sign that the central bank’s crackdown on what it called speculative bets against the currency is yielding results.
This article was originally published by
Bloomberg Markets
and is republished here under license.
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