The Indian rupee is expected to rally as the Reserve Bank of India imposed curbs on onshore position limits, requiring banks to cap net open rupee positions at $100 million. This move will prompt dollar selling by banks to unwind arbitrage trades, which had e…
The Indian rupee is poised to rally at the open on Monday amid arbitrage unwinding prompted by the central bank's curbs on onshore position limits. The Reserve Bank of India late Friday directed bank… [+1820 chars]
