Indian rupee slips, muted price action sinks volatility expectations to five-month low
MUMBAI: The Indian rupee ended modestly weaker on Thursday, weighed down by dollar outflows linked to derivative maturities and overseas debt repayments, while the central bank’s frequent interventions continued to drive volatility expectations lower. The Indian rupee closed down 0.1% at 95.44 per dollar, with its 1-month implied volatility, a gauge of future expectations, easing to 4.2%, the…
We haven't written up this one. Business Recorder has the full story — the link below goes straight to it.
