The Indian rupee will hew a close path to the U.S. dollar over the coming three months as regular interventions from the Reserve Bank of India keeps the currency on a tight leash, a Reuters poll of analysts found. The RBI has kept the rupee in a narrow range against the dollar and is only … Read more
Millions of investors across the globe will have their eyes glued to their screens tonight when the Federal Open Market Committee meeting gets underway. At stake is the answer to the trillion-dollar question of whether the Federal Reserve — in its wisdom —will decide to keep the interest rates higher for longer, or will it, … Read more
Indian rupee’s exchange-traded options went into a tizzy on Wednesday after brokers asked clients to submit proof of underlying exposure on their derivative contracts or unwind their existing positions, three market participants said. This came after brokers thought a central bank rule, to be effective on April 5, that exchange-traded rupee derivative transactions can be … Read more
