Rupee flat despite RBI swap-driven forward premium rally

Rupee flat despite RBI swap-driven forward premium rally. The Indian rupee showed no significant movement against the dollar even as forward premiums extended gains following RBI's recent dollar swap operations. Market participants cite unwinding of stop-loss positions and improved liquidity as key factors. Persistent RBI intervention is signaling stability in forex markets.
📊 STOCKS: | 🏢 SECTOR: Macro | #MEDIUMIMPACT #Rupee