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The Indian rupee remains flat and forward premiums are under pressure as U.S. bond yields rise. According to traders, the Indian central bank is likely selling U.S. dollars on Friday to support the rupee, which is near its record low. This intervention is reportedly driven by concerns over rising oil prices and equity outflows.
Indian central bank likely selling US dollars to support rupee, traders say https://t.co/MpG98aVZNa via @Reuters https://t.co/iLe6mId7HV
🇮🇳INDIAN CENTRAL BANK LIKELY SELLING DOLLARS TO SUPPORT RUPEE, TRADERS SAY The Indian central bank was reportedly selling U.S. dollars on Friday to stabilize the rupee, which remains near its record low due to concerns over rising oil prices and equity outflows, according to… https://t.co/O3c4buBN6p
What happened to the “globalisation” of the rupee? #India Indian central bank likely selling dollars to support rupee, traders say https://t.co/ZOhUtbcxUj
