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Global fund managers raise rupee bets

Posted on 23 April 2013

Last week, Nomura International exited its long USD/INR position – betting on the dollar strengthening vis-a-vis the rupee – and initiated a $1 million USD put / INR call spread positions to capitalise on a potential near-term improvement in investor perception, leading to a rupee rally.
Global investors are getting increasingly positive on the rupee as the recent slide in commodity prices, coupled with improving domestic macros, has raised hopes of a resumption of foreign flows, which could benefit the local currency………………………………………..Full Article: Source


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