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The rupee hit a low of 84.88 against the dollar before closing at 84.8575, down slightly on the day. The dollar index was little changed at 106.5, unfazed by the elevated odds of a December rate cut ...

The dollar index was little changed at 106.5, unfazed by the elevated odds of a December rate cut by the Federal Reserve ... offshore and onshore markets have inverted the dollar/rupee forward ...

MUMBAI (Reuters) – The Reserve Bank of India’s forex swaps, to avoid directly impacting cash in the system as it supports the spiralling rupee, and the arbitrage between the offshore and onshore ...

and the arbitrage between the offshore and onshore markets have inverted the dollar/rupee forward premiums curve. The implied yield on near-maturity forwards is now higher than on longer-term ...

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MUMBAI (Reuters) - The Reserve Bank of India's forex swaps, to avoid directly impacting cash in the system as it supports the spiralling rupee, and the arbitrage between the offshore and onshore ...