Poging GOUD - Vrij
Rupee plunges to new low on rate cut hopes
Financial Express Chandigarh
|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.
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"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.
Dit verhaal komt uit de February 06, 2025-editie van Financial Express Chandigarh.
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