Hedging by Indian exporters picks up on bets rupee bottoming out
The average daily dollar sales by exporters beyond the spot date rose to about $1.2 billion in November and December after slipping below $900 million in October, according to data from the Clearing Corporation of India.”Clearly, relative to October, there is more willingness from exporters to cover,” said Dipti Chitale, senior vice president – risk management advisory, at Mecklai Financial.
