The rupee trades in its narrowest monthly range in a decade
A range of 38 paise for the month. That is not the market being calm; it is the market being managed.
The rupee traded in a range of just 38 paise against the dollar over the past month, the narrowest monthly range in more than a decade.
Realised volatility in the pair is now among the lowest of any major emerging market currency, which for an economy of this size and openness is not a natural outcome.
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