India FX curbs soften pressure on rupee even as offshore influence lingers, Axis' Gambhir says
A 4.5% fall in the Indian rupee since the breakout of the Iran war prompted the central bank to impose a cap on banks' net open FX positions in the onshore markets in late March
A 4.5% fall in the Indian rupee since the breakout of the Iran war prompted the central bank to impose a cap on banks' net open FX positions in the onshore markets in late March
The Reserve Bank of India's tightening of foreign exchange rules will help shield the rupee from pressures emanating from offshore markets, but traders may continue drawing pricing signals from tho…
Originally published by BusinessLine. Read the full article →
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