Indian corporates are leveraging arbitrage opportunities, exacerbating the rupee's decline amid rising dollar demand.
A familiar drag on the Indian
currency has resurfaced with local companies exploiting the
arbitrage opportunities between the onshore foreign exchange
market and non-deliverable forwards, spurring additional dollar
demand that ispressuring the currency, four bankers said.The rupee fell to 95.4725 per US dollar on
The Indian rupee weakened for the fourth straight session against the dollar on Thursday, despite a weaker dollar and likely…
The rupee’s sharp depreciation, down about 10% against the dollar in the past year, has become a key concern during corporate…
The Indian rupee reversed early gains on Thursday, succumbing to dollar demand from arbitrage trades as central bank intervention…
Indian companies face increased investor scrutiny as the rupee depreciates, impacting foreign-exchange strategies amid rising…
The Indian rupee fell 0.5% against the dollar due to oil firms' demand, nearly negating RBI's earlier gains.
India Inc is stepping up exports, increasing localisation and expanding currency hedging as the weakening rupee starts hurting…
