Reported 1 day ago
Options traders have sharply increased bearish bets on the Indian rupee after data revealed a surprising slowdown in the country's economic growth, causing the currency to hit record lows. The dollar-rupee call trading volume surged to $1.9 billion, reflecting heightened interest in bearish positions as analysts predict further weakening of the rupee towards 86 per dollar by late 2025. This spike in bearish sentiment is accompanied by increased implied volatility in the rupee, signaling instability in the currency market, especially ahead of the Reserve Bank of India's upcoming policy meeting.
Source: YAHOO