Worried about India’s precarious external accounts and the weakening rupee, domestic importers are hedging a lot more of their currency exposures than they are required to. The rupee INR=D3 is down about 7.5% versus the U.S. dollar this year, and headed for what could be its worst year in four....
https://www.hellenicshippingnews.com/analysis-rupee-worries-force-indias-importers-to-hedge-extra/