OMCs back in foreign exchange market? Spike in $ demand raises buzz
MUMBAI: The rupee closed at 95.4 against the dollar, down 15 paise from its previous close of 95.25 in the foreign exchange market, with renewed demand for dollars spurring speculation over the return of oil marketing companies (OMCs) to the forex market.To reduce market demand for dollars and stem rupee volatility, RBI had earlier this … Read more