The Indian rupee and dollar-rupee forward premiums declined as importer hedging, foreign portfolio outflows, and likely central bank interventions across FX market segments exerted opposing forces. Despite Reserve Bank of India's dollar-selling interventions and buy/sell swaps, pressure on the rupee is expected to persist due to weak capital flows and volatile oil prices.
Market Samachar is a news aggregator. This article was originally published by Markets-Economic Times. Tap the button above to read the full story on their site.