(Bloomberg) -- The Indian rupee may decline from a
nine-year high because the nation's central bank will sell the
currency to protect exports, according to Deutsche Bank AG and
Goldman Sachs Group Inc.
Options are also signaling the two-month rally is poised to
stall. In November, the last time the premium on calls granting
the right to buy rupees was as big as it reached this week,
India's currency lost 1 percent within two weeks, posting its
biggest weekly drop since July.
Read more at Bloomberg Currencies News
nine-year high because the nation's central bank will sell the
currency to protect exports, according to Deutsche Bank AG and
Goldman Sachs Group Inc.
Options are also signaling the two-month rally is poised to
stall. In November, the last time the premium on calls granting
the right to buy rupees was as big as it reached this week,
India's currency lost 1 percent within two weeks, posting its
biggest weekly drop since July.
Read more at Bloomberg Currencies News
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