Rupee falls 36 paise after RBI rolls again some foreign exchange curbs
MUMBAI The rupee weakened 36 paise Tuesday to shut at 93.49/$, weighed down by a partial regulatory rollback on measures that curbed lenders’ publicity to abroad forex derivatives trades. Uncertainty round US-Iran talks additionally weighed on the unit, experiences Our Bureau.
The forex had closed Monday at 93.13/$. The rollback got here after markets ended buying and selling Monday. Financial institution treasury heads mentioned they continue to be cautious and are holding again from providing non-deliverable ahead (NDF) contracts to corporates, as RBI is probably going monitoring such trades. The dollar-rupee ahead premiums rose, rising hedging prices, with the 1-year ahead yield up 10 foundation factors at 3.10%.
