(Bloomberg) -- The implied volatility of Indian
rupee options rose from a two-month low on speculation overseas
investors will buy new shares issued by local companies.
The rupee may appreciate as investors this week bid for new
shares sold by DLF Ltd., a New Delhi-based real-estate developer,
and ICICI Bank Ltd., the country's biggest lender by market
value. Traders are betting the central bank will scale back its
efforts to weaken the rupee so as to not stoke inflation.
Read more at Bloomberg Currencies News
rupee options rose from a two-month low on speculation overseas
investors will buy new shares issued by local companies.
The rupee may appreciate as investors this week bid for new
shares sold by DLF Ltd., a New Delhi-based real-estate developer,
and ICICI Bank Ltd., the country's biggest lender by market
value. Traders are betting the central bank will scale back its
efforts to weaken the rupee so as to not stoke inflation.
Read more at Bloomberg Currencies News
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