RBI forex swaps pressure rupee forwards
RBI forex swaps pressure rupee forwards. The Reserve Bank of India’s recent dollar-selling swaps have tightened liquidity in the forex forwards market, pushing 1-year USD/INR forward premium sharply higher. Traders face elevated costs for hedging dollar exposure. This signals tighter financial conditions and may impact external commercial borrowing.
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This brief is AI-generated from public news sources for informational purposes only. Not investment advice. Always consult a SEBI-registered advisor before trading.