Finance, Forex and Investments

Big move in indian rupee on March 21 2007

Summary: in turn drove banks which had exhausted their borrowing limits in the call money market to swap dollars for rupees which made the rupee jump to a 19 month high of Rs 43 74 per dollar I guess the year end squeeze is well known but what if a hedge fund had a highly leveraged bearish position on the rupee On the other hand shouldn t this be an oppotune moment to buy a put

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