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Rupee closes at 95.21 vs USD, falls on-week as merchant, NDF-linked flows blunt dollar retreat
The Indian rupee experienced a slight uptick on Friday, yet ended the week on a weaker footing due to overwhelming dollar demand driven by various market activities. Despite a rise in positive sentiment linked to a projected balance of payments surplus and new foreign inflows, pressures from maturing non-deliverable forward positions and large-scale merchant payments hampered its progress.
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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…
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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…
