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Rupee plunges to new low on rate cut hopes

Financial Express Chennai

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February 06, 2025

EVEN THE NEAR-term premiums have fallen 22 bps for 1 month and 10 bps for 1 year. The latter improved with easing of liquidity conditions.

- Madan Sabnavis, chief economist at Bank of Baroda

"It is highly possible that the RBI may announce another $5 billion buy/sell swap. The market has discounted a rate cut, and therefore, it has reacted accordingly," said a forex trader with a state-owned bank.

Financial Express Chennai

यह कहानी Financial Express Chennai के February 06, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

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