Indian Rupee Set for More Chaos as Banks Unwind $30 Billion in Arbitrage Trades

The biggest shock to India’s currency market in years is set to worsen as banks prepare to unwind billions of dollars more in arbitrage trades.

By Bhaskar Dutta, Saikat Das, Pratigya Vajpayee, Siddhi Nayak · Bloomberg Markets

The biggest shock to India’s currency market in years is set to worsen as banks prepare to unwind billions of dollars more in arbitrage trades.