The Indian Rupee hit a new low of 93.97 against the US Dollar on Monday. Rising crude oil prices and global tensions are weakening the currency. The Reserve Bank of India intervened to prevent a sharper fall. Analysts expect further volatility. Asian currencies also saw declines amid a global risk-off sentiment.
Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week
BSE’s derivatives activity fell sharply in the first week of the Closing Auction Session, but higher premiums more than offset the decline in contracts. Premium