India and the United Arab Emirates have embarked on a new approach to bilateral trade, utilizing their respective local currencies. The leading Indian refiner, Indian Oil Corp, has executed a …
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Indian Rupees
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Economy
Lower forward premiums make importers hedge, which puts pressure on the Indian rupee
by Hamza Irshadby Hamza IrshadAnalysts said Friday that the Indian rupee could face more problems because the cost of buying dollars in the future is going down because forward premiums are going down. This …