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View Full Version : Indian Rupee Gains on Speculation Exporters Will Sell Dollars - Bloomberg



NewsWhore
03-09-2009, 01:50 AM
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Indian Rupee Gains on Speculation Exporters Will Sell Dollars (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601091%26sid%3DaRqr7PJ0L2l0%26refer%3Dindia&cid=0&ei=8K60Sf7RGcegmAfznNDwBQ&usg=AFQjCNGQBfVfSFTjz4ohTYkNuPQZcZW_Dw)
Bloomberg
The rupee also climbed as offshore forwards contracts showed traders pared bets for further weakness in the Indian currency. Options contracts indicated demand for dollar purchases eased. “Some banks are selling dollars because exporters are expected ...


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