23.04.2013 - Global fund managers raise rupee bets
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
Print