dollar: RBI interventions prevent panic buying in US dollar

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The 12-month onshore ahead premium was little modified at 4.63 p.c.

Synopsis

Companies with abroad liabilities haven’t proven any desperation to cowl their forex danger in the previous three working days throughout which the native unit slipped nicely beneath the psychological mark amid the second wave of the coronavirus.

Mumbai: Importers appear comparatively much less involved concerning the rupee’s newest weak point for the reason that central financial institution is perceived to be defending the essential degree of 75 to a dollar via reportedly strong market interventions.

Companies with abroad liabilities haven’t proven any desperation to cowl their forex danger in the previous three working days throughout which the native unit slipped nicely beneath the psychological mark amid the second wave of the

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