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Banks, mostly foreign ones, are pitching hedging products to Indian exporters and firms seeking better forex returns. The rupee has traded in a narrow range of about 2% since June, with implied volatility at a decade-and-a-half low.
The text is a fragment.
Low rupee volatility keeps the currency-hedging cost for Indian importers and exporters low, with little direct effect on feed commodity prices.
reuters.comNimesh VoraFeb 5, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
