In a move to reduce pressure on the local unit, India's central bank has also asked some banks to stop taking fresh arbitrage positions in the non-deliverable forwards (NDF) market, sources told Reuters. | Subscribe To Our Free Newsletter |
Rupee posts best day in 2 months on equity inflows, banks’ dlr sales
In a move to reduce pressure on the local unit, India's central bank has also asked some banks to stop taking fresh arbitrage positions in the non-deliverable forwards (NDF) market, sources told Reuters. 