A jump in forward premiums could ease pressure on Rupee - Economic Times

A day after the RBI announced measures to shore up forex reserves and arrest the local unit's free fall, the rupee gained 0.16% to close at 79.18 Thursday. It was the fourth best performing Asian currency for the day. The one-month volatility index dropped 11…

Pressure on the rupee is expected to ease soon with forward premiums likely rising from decadal lows after the Reserve Bank of India (RBI) this week signalled its intent of minimal future interventio… [+3252 chars]

full article...