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via business-standard.comEconomy

RBI crackdown on rupee bets drives India's dollar hedging to 8-month low

FROM THE WIRE · BUSINESS-STANDARD.COM

Buying of forward dollars, or commitments by companies to acquire the US currency at a later date, fell 35% in October from a record high the previous month to $49.5 billion

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe crackdown on currency bets affects dollar hedging flows and the rupee market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Buying of forward dollars fell 35% in October from a record high the previous month.
  2. 02The volume fell to $49.5 billion.

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Breaking live stories come from third-party newswires via feed; headline and summary belong to the stated source. Impact analysis: UCapital AI · News Impact.

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