Source: Reuters (via feed)
India’s rupee outlook shows vulnerability amid the Iran war. Rising oil prices are a related factor. Banks are promoting cross-currency trades. These trades target the rupee’s underperformance against certain Asian peers. The surge in oil prices linked to the conflict may create uneven outcomes.
BizTrendWire Insight:
Banks are responding to currency vulnerability by promoting trades against other Asian currencies.
Banks are responding to currency vulnerability by promoting trades against other Asian currencies.
