The Reserve Bank of India has intensified its crackdown on rupee speculation, targeting corporate arbitrage after earlier measures on banks failed. New rules bar rebooking of forward contracts and FX derivatives with related parties. While speculation is curbed, the currency’s weakness persists amid Iran war concerns and elevated oil prices.
from Markets-Economic Times https://ift.tt/8Mf2b61
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from Markets-Economic Times https://ift.tt/8Mf2b61
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