# Foreigners betting on India rate cuts lap up offshore dollar-rupee swaps

> Foreign investors are buying offshore dollar-rupee swaps on bets that the Reserve Bank of India will cut rates further. The rupee has recovered more than 3% from a near-88 per dollar record low in February as the dollar weakened on US tariff worries.

- Date: 2025-04-23 · published 2025-04-23T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/25417-foreigners-betting-on-india-rate-cuts-lap-up-offshore-dollar-rupee-swaps
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Rupee strength and expected rate cuts together reduce the rupee cost of imported feed ingredients, though the currency's rebound from its record low leaves it vulnerable to renewed trade shocks.

## Read by commodity

- USDINR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/india/foreigners-betting-india-rate-cuts-lap-up-offshore-dollar-rupee-swaps-2025-04-23/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.