archivetrump tariffs

Currencies

Trump tariff salvo sees India central bank return to out-of-favour rupee derivative tool

MUMBAI, August 7 (Reuters) - The Reserve Bank of India has resumed intervention in the non-deliverable forwards market over the past fortnight to manage rupee volatility triggered by mounting trade tensions with the United States, four bankers told Reuters. This marks a return to a tool the central bank had largely refrained from using over the past seven months since Sanjay Malhotra took over as RBI governor and dialled back on currency intervention. The rupee has appeared increasingly vulnerable in recent weeks amid uncertainty over whether India will reach a...
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