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Merchant, arbitrage flows extend rupee's losing streak even as dollar slumps
The Indian rupee weakened for the fourth straight session against the dollar on Thursday, despite a weaker dollar and likely central bank intervention. Market flows for arbitrage and merchant payments pressured the currency, which retreated from an early peak. Traders noted increased dollar demand and triggered stop-losses on rupee bets.
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timesofindia.indiatimes.com
RBI’s net short forward position hits record $106.6 billion amid rupee pressure
After sustained intervention by the Reserve Bank of India's (RBI) to support the rupee during a period of heightened volatility triggered by the Middle East conflict, the central…
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economictimes.indiatimes.com
Rupee bounce fizzles as RBI intervention thins, arbitrage flows pick up
The Indian rupee reversed early gains on Thursday, succumbing to dollar demand from arbitrage trades as central bank intervention eased. After touching a high of 94.9375, the…
