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India central bank likely selling dollars via state banks, conducting buy-sell swaps, traders say
Dollar-rupee forward premiums pulled back on account of the central bank's buy/sell swaps, with the 1-year implied yield retreating 9 basis points to 3.06%.
TL;DRAI
RBI selling dollars via state banks and buy-sell swaps as rupee slides 0.2% to 95.1750/USD amid portfolio outflows and Iran war uncertainty. Hedging costs rise for tech deals; rupee volatility heightens FX risk for India-focused M&A and international fundraising.
170 words~1 min read
