The Indian rupee's upward surge encounters some obstacles. As the Reserve Bank of India gradually dissolves a hefty foreign exchange forward book, banks are also preparing for interest payments on foreign currency holdings. These maneuvers are likely to soak … For the full story, visit the source.
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Rupee’s oil relief capped by RBI's FX book, interest payment hedges, bankers say
The Indian rupee's upward surge encounters some obstacles. As the Reserve Bank of India gradually dissolves a hefty foreign exchange forward book, banks are also preparing for interest payments on foreign currency holdings. These maneuvers are likely to soak …
By Reuters· The Times of India· 4 months ago· 2 min read
This summary is sourced from The Times of India. Read the full article at:The Times of India