Monday, April 30, 2007

Indian Rupee Option Volatility May Decline on Central Bank Currency Sales

(Bloomberg) -- Indian rupee options volatility may fall from a four-year high on speculation the central bank will keep selling its currency.

The Reserve Bank of India last week said it increased the amount of bonds it can issue to soak up the rupees it sells in the foreign-exchange market. That measure may allow the bank to boost sales of rupees, dousing speculation it will slow the pace of its currency intervention.


Read more at Bloomberg Currencies News

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