The Indian rupee will gauge
whether foreign inflows into Indian equities persist this week
and, alongside government bond yields, will await the core U.S.
personal consumption inflation print, the. -May 26, 2024 at 09:30 pm EDT
- MarketScreener
Brokerages have started asking clients to close out contracts after exchanges reaffirmed the ruling from the central bank that participants must have an actual foreign-exchange exposure.
The premium on out-of-the-money dollar/rupee put options expiring on April 26 soared up to 250%, despite spot dollar/rupee inching up 0.04% to 83.4200.
A new rule set to take effect on April 5 is expected to force out most of the markets most active players, drying up volumes that reached $5 billion-a-day.