Indian Rupee FX Premiums Surge Post RBI Policy
Dollar-rupee forward premiums rose significantly after the Reserve Bank of India's policy meeting. Traders are anticipating further sell/buy FX swaps from the RBI, as the central bank announced no new liquidity-withdrawal measures.
The dollar-rupee forward premiums surged on Wednesday as traders positioned for additional sell/buy FX swaps by the Reserve Bank of India after the central bank said it would not introduce any new liquidity-withdrawal measures at its policy meeting.