Indian Rupee Forward Premiums Hit Multi-Year Highs
Indian rupee forward premiums rose to multi-year highs after central bank foreign exchange curbs rattled markets. The disruption sapped liquidity and made it difficult for traders to manage exposures.
Indian rupee forward premiums surged to multi-year highs on Thursday after recent foreign exchange curbs from India's central bank sapped liquidity. The sharp dislocation has strained a key segment where domestic companies hedge exchange-rate risks.
