Indian rupee rally, lower hedging costs to spur corporate interest in central bank’s FX swap
Source: Live Mint MUMBAI, March 21 (Reuters) – The Indian rupee’s recent rally and a sizeable decline in hedging costs are expected to catalyze the participation of companies in the Reserve Bank of India’s $10 billion FX swap next week. On Wednesday, the RBI will absorb $10 billion from the market and inject an equivalent…