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Top related persons:
Kunal Kurani - 1 Jerome Powell - 1 Nimesh Vora - 1 Sonia Cheema - 1
Top related locs:
MUMBAI China U.S People's Bank of China
Top related orgs:
U.S - 1 Mecklai - 1 China PMI - 1 People's Bank of - 1 Brent - 1 Thomson - 1

Search resuls for: "Kunal Kurani"


2 mentions found


☆ Rupee hopeful of recovery on back of uptick on Asia FX
  + stars: | 2023-07-31 | by ( Nimesh Vora | ) www.reuters.com   time to read: +2 min
MUMBAI, July 31 (Reuters) - The Indian rupee will be looking to recover on Monday, tracking the move higher in Asian peers on better-than-expected China data. Non-deliverable forwards indicate the rupee will inch up to the U.S. dollar at open from 82.2475 in the previous session. With Asian currencies doing well to begin the week and risk holding up, the rupee "will be hoping for a mini recovery", a forex trader at a bank said. The data comes after Federal Reserve Chair Jerome Powell left the door open for a rate hike at the September meeting. Data out on Friday supported investor expectations that the Fed rate hike cycle is over.
Persons: Kunal Kurani, Jerome Powell, Nimesh Vora, Sonia Cheema Organizations: U.S, Mecklai, China PMI, People's Bank of, Reuters, Brent, Thomson Locations: MUMBAI, China, U.S, People's Bank of China
☆ Indian companies turn to exotic options to manage fx costs, risks
  + stars: | 2022-11-09 | by ( Nimesh Vora | ) www.reuters.com   time to read: +3 min
MUMBAI, Nov 9 (Reuters) - A few large Indian companies are returning to exotic currency options to deal with the rupee's volatility as they look to manage hedging costs and foreign exchange risks. These options provide companies increased flexibility to manage their currency risks. Companies are specifically turning to barrier options, a class of knock-out or knock-in options that are exercisable or expire worthless depending on whether a particular level on the underlying asset is reached. When used with proper risk assessment, barrier options help to manage the premium cost, a trader with a large private sector bank said. Meanwhile, foreign exchange consultants warned against large-scale use of exotic options.
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