Synopsis
Forward premiums across maturities jumped up to 36 basis points in the last two to three weeks as overseas borrowers / importers rushed to buy future contracts amid signs that the rupee is winning against the dollar.
MUMBAI: For Indian companies with significant foreign trade exposure, the cost of covering offshore liabilities has risen markedly following the protocol of the central bank’s recent monetary policy, which suggested at least an immediate break in the interest rate cut cycle. 36 basis points in the last two to three weeks, as overseas borrowers / importers rushed to buy future contracts amid signs that the rupee is winning
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