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ARBITRAGE TRADING
Wipro’s Rs 15,000 crore share buyback: Should you participate or avoid?Wipro announced its largest-ever share buyback of Rs 15,000 crore at a 19% premium, despite lackluster Q4 earnings. The IT major's board ap...
FIIs grow more wary of India as FX curbs hit bonds, earnings risks haunt equitiesForeign investors face higher costs and complexity hedging against rupee swings due to India's forex rules. This, coupled with war-related ...
RBI asks state oil refiners to curb spot dollar buying, sources sayIndia's central bank is taking action to support the rupee. State-run oil refiners are being asked to use a special credit line for dollar ...
SP Group looks to defer Rs 14,300-cr bond paymentShapoorji Pallonji Group is currently navigating a challenging landscape, requiring additional time to fulfill a significant bond repayment...
Oil shock threat looms over Dalal Street rallyIndian stock markets and the rupee face potential downturns. Last week's gains were driven by a temporary truce impacting oil prices. The m...
Biggest currency clampdown in decade risks backfiring for IndiaIndia's Reserve Bank of India has intervened to support the rupee, forcing local banks to unwind bearish bets. This move, while strengtheni...
Banks exit bulk of India rupee arbitrage positions ahead of RBI deadline, sources sayBanks have largely exited Indian rupee arbitrage trades, complying with the Reserve Bank of India's $100 million net open position limit. T...
Rupee extends rally, forward premiums slump as oil dives on ceasefireThe Indian rupee gained for the fourth consecutive session on Wednesday, while forward premiums declined as a plunge in oil prices after th...
Regulatory risk restrains bankers from tapping rupee futures-forwards arbitragePricing distortions stemming from the Indian central bank's recent foreign exchange curbs have opened up arbitrage between exchange-traded ...
Rupee sees marginal rise at 93.06 on dollar demandThe rupee saw a slight gain on Monday, trading within a narrow band as banks unwound arbitrage positions. Demand from importers and oil com...
Rupee ends little changed, hemmed in by position unwinding, importer hedgingThe Indian rupee closed nearly unchanged on Monday, wedged between dollar sales spurred by the unwinding of arbitrage positions and importe...
Rupee records sharpest rise in over 12 years after RBI’s tough crackdown on forex speculation: What lies ahead?The Indian rupee surged against the US dollar, marking its sharpest single-day gain in over 12 years, following the Reserve Bank of India's...
Why RBI is clamping down on FX arbitrageIndia's central bank has deployed crisis-era measures to stabilize the rupee, which hit an all-time low due to soaring oil prices and massi...
RBI says banks cannot offer NDF contracts as its tightens forex normsThe Reserve Bank of India has tightened foreign exchange rules. Banks can no longer offer non-deliverable forward contracts involving the r...
Rupee hits 94: Abhishek Goenka on the $30 billion unwind that could keep the currency under pressure for daysThe Reserve Bank of India's intervention to curb arbitrage trades has triggered a disorderly unwinding of bank positions, causing the rupee...
Indian rupee hits record low past 95/USD as relief from RBI's FX curbs proves fleetingThe Indian rupee fell to a record low for the third straight session on Monday, finding only fleeting relief from the central bank's tighte...
Rupee set to climb amid arbitrage unwinding prompted by RBI position limitsThe Indian rupee is expected to rally as the Reserve Bank of India imposed curbs on onshore position limits, requiring banks to cap net ope...