India’s Dollar Hedging Slumps as RBI Cracks Down on Speculation

Indian companies reduced dollar purchases used to hedge against rupee weakness to an eight-month low, according to data cited by the Reserve Bank of India. The RBI had implemented measures targeting what it described as speculative bets against the rupee. The central bank stated the reduction indicated its policy was achieving its intended effect.

• Bloomberg — India’s Dollar Hedging Slumps as RBI Cracks Down on Speculation

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