Rupee edges higher; options market gauge turns most bearish in over a month

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The rupee edged higher to 96.16 per US dollar from 96.20, supported by RBI reference rate dollar selling and softer US inflation data. However, the 1-month 25 delta risk reversal rose to 0.4, signalling the most bearish options market positioning in over a month. Elevated oil prices above $85 per barrel amid US-Iran tensions threaten India's energy import economics, reinforcing safe-haven demand and caution among traders.