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31 Mar 2020

USD/INR risk reversals hit fresh seven-year high on call demand

One-month risk reversals on USD/INR, a gauge of calls to puts, rose to a fresh 7-year high of 3.50 on Monday, indicating a sustained demand for the bullish bets or call options, which give the holder the right but not the obligation to buy the underlying asset at a specified price on or before a specified date.

The previous seven-year high of 3.475 was reached on March 25. The gauge bottomed out near 0.20 at the end of December 2019.

The USD/INR pair closed at 75.39 on Monday, having hit a record high of 76.45 earlier this month. Despite the pullback, the risk reversals continue to rise - a sign the investors expect the strength in the INR to be short-lived.

Risk reversals

Mar 31, 2020

USD/JPY Price Analysis: Pierces 61.8% Fibonacci following Monday’s Doji

USD/JPY takes clues from Monday’s Doji formation while rising 0.63% to 108.45 during the early Tuesday. In doing so, the pair clears 61.8% Fibonacci r

China’s Tax Bureau Official: Studying policies to help exporters hit by coronavirus

Wang Daoshu, Chief Auditor of China's State Taxation Administration, said in a briefing Tuesday, they are monitoring trade situations and studying tax