Trading Ban Upends Biggest Indian Bank’s $5 Billion Rupee Short
India’s biggest bank had about $5 billion of bets against the rupee that were impacted by the regulator’s crackdown on potential speculators, according to people with knowledge of the matter,...
By Siddhi Nayak, Saikat Das, Bhaskar Dutta · Bloomberg Markets
India’s biggest bank had about $5 billion of bets against the rupee that were impacted by the regulator’s crackdown on potential speculators, according to people with knowledge of the matter, roughly 20% of the total exposure.