Bullish bets on Indian rupee rise ahead of Lok Sabha elections 2019:Poll

Bullish positions in the Indian rupee firmed over the past two weeks, a Reuters poll showed on Thursday, ahead of general election, while long positions in the yuan unwound on concerns over slowing domestic demand and uncertainty around Sino-U.S. trade talks.Investors piled on long rupee bets in a return to bullishness earlier this month after a year, the poll of 12 respondents showed.The confidence rode on brightening re-election prospects of Prime Minister Narendra Modi and his ruling Bharatiya Janta Party, translating into inflows of $5.99 billion so far this year into ...

This article is no longer available in our repository.

There could be multiple reasons for this.

You could try searching for this headline on the source website (reuters.com).