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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%.
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economictimes.indiatimes.com
PSB dollar sales help rupee close flat at 95
The Indian rupee held steady against the dollar on Monday. State-run banks sold dollars, supporting the rupee. Foreign exchange markets are now focused on upcoming US non-farm…
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thehindubusinessline.com
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%.
