Due to the heightened hedging activity by foreign investors and robust demand for dollars, three-month non-deliverable forward (NDF) points for the dollar-rupee pair has been trading at its highest since November 2022, according to Bloomberg data.
The rupee has been trading with a depreciation bias, hitting new lows over the past few weeks.
The dollar remains strong, driven by expectations of fewer Federal Reserve rate cuts in 2025 amid concerns that United States President-elect Donald Trump's proposed tariffs and tax cuts could drive higher inflation.
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Diese Geschichte stammt aus der January 10, 2025-Ausgabe von Business Standard.
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