Indian Rupee, Bond Bets Retreat as Dollar Swap Window Ends Early

Traders are cutting back positions after India closed early a special window aimed at attracting foreign-currency deposits. The move is prompting reduced bets on rupee appreciation and gains in short-term bonds, shifting near-term sentiment to more cautious risk management.

Analysis

Traders are cutting back positions after India closed early a special window aimed at attracting foreign-currency deposits. The move is prompting reduced bets on rupee appreciation and gains in short-term bonds, shifting near-term sentiment to more cautious risk management.