Cos with Overseas Liabilities Rush to Cover Currency Risk Importers and overseas borrowers are rushing to cover their currency risk after the rupee fell to ₹80 against the US dollar in both over-the-counter and derivatives markets on Thursday, leading to forward premium jumping 11-17 basis points across maturities on Friday. Rupee Gains Against G10 Currencies The rupee is delivering its best performance since 2015 against a basket of the heaviest traded currencies, ignoring the life-time low it hit the past week against the US dollar.

Source: Viet Nam News July 18, 2022 13:43 UTC