Email of the day on the domestic Indian rupee
Comment of the Day

July 21 2014

Commentary by Eoin Treacy

Email of the day on the domestic Indian rupee

I have access to the USD INR in the charts. The charts are for the Indian Rupee (INR) trades off shore. The INR onshore which trades onshore has different and less exaggerated price movement. The INR is not a freely convertible currency as it is regulated by the central bank and hence an onshore chart is more relevant to traders who use the service onshore. Could you kindly share this information with Eoin so that he can consider our request?

Eoin Treacy's view

Thank you for this informative email and question. I found a number of forwards for onshore Rupee rates on Bloomberg but could not find an onshore spot rate. If you can supply one I would be happy to add it to the Chart Library.

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