Indian cenbank asks lenders to cut speculative bets against rupee, sources say
- Posted on November 22, 2024
- By Business News Today
- 2 Views
Indian cenbank asks lenders to cut speculative bets against rupee, sources say
The Reserve Bank of India has instructed banks to reduce their long positions on the USD/INR pair to curb speculation against the weakening rupee. This move comes amidst record lows for the rupee, fueled by factors like foreign investor selling and a strengthening dollar.
