Published 12:38 IST, July 16th 2024

Rupee forward volumes drop on lack of arbitrage, listless price action

The dollar-rupee forward premium market is used by companies to hedge their future foreign currency receivables and payments.

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The 1-year implied yield on the dollar-rupee forward was in a 15-basis points (bps) range | Image: PTI

12:38 IST, July 16th 2024