
India rupees March rally spurs hedging rush by importers, leads to margin bill for few banks
By Nimesh Vora and Jaspreet Kalra MUMBAI, April 8 (Reuters) – Indian importers locked in foreign exchange hedges with banks at a record pace last month, capitalizing on a rally in the rupee. A few of these banks are now facing margin calls due to notional losses on those positions, four bankers said. Importers purchased...
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