# Banks pitch risky hedges to Indian firms yearning for higher forex returns | Reuters

> 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.

- Date: 2024-02-05 · published 2024-02-05T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/31970-banks-pitch-risky-hedges-to-indian-firms-yearning-for-higher-forex-returns
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Low rupee volatility keeps the currency-hedging cost for Indian importers and exporters low, with little direct effect on feed commodity prices.

## Sources

- reuters.com: https://www.reuters.com/world/india/banks-pitch-risky-hedges-indian-firms-yearning-higher-forex-returns-2024-02-05/

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