Westpac Plays Rupee Strengthening Forward

20 Jun 2012

Westpac has sold one-month U.S. dollar non-deliverable forwards against the Indian rupee at INR56.25, playing the view the rupee could rebound to 54.00, according to a research note from the firm.

Westpac has soldone-month U.S. dollar non-deliverable forwards against the Indian rupee at INR56.25, playing the view the rupee could rebound to 54.00, according to a research note from the firm.

“We feel that the back drop for INR is less bearish now than what it was a few ...

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