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Story 1 source • Updated 3 days ago • top: bloomberg.com

India Trading Ban Rocks $149 Billion-a-Day Offshore Rupee Market

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Bloomberg Markets 3 days ago • bloomberg.com
Rupee Surges After India’s Offshore Crackdown
India’s rupee just saw its biggest jump in over 12 years as the RBI continues its crackdown on offshore bets against the currency. Bhaskar Dutta explains how the central bank is restricting access to a $149 billion-a-day…
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Bloomberg Markets 4 days ago • bloomberg.com
India Trading Ban Rocks $149 Billion-a-Day Offshore Rupee Market
India banned its banks from offering the most popular instrument for trading the rupee offshore, threatening to squeeze a $149 billion-a-day market in an extreme step to shore up its tumbling currency.
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