“Exploring the Indian Central Bank’s USD/INR Swaps: What Traders are Saying”
India’s Central Bank Conducting Dollar-Rupee Swaps to Support Rupee: Traders The Current Situation India’s central bank is likely conducting buy/sell dollar-rupee swaps in addition to selling spot dollars to support the rupee, three traders told Reuters on Thursday. The move comes as the Indian currency faces pressure amidst a volatile economic landscape and global uncertainties….