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Rupee slips sideways as traders unwind bets and importers rush hedging
Economy
Published on 24 April 2026
Iran war risk is pushing importers to hedge fast
The Indian rupee ended Monday nearly unchanged, stuck in a tug-of-war between dollar inflows and outflows. Dollar sales gained momentum as traders unwound arbitrage positions, while importers sought protection through hedging. Adding pressure to market sentiment, escalating risks tied to the Iran war kept traders cautious and limited large swings in the currency.
- Rupee closed nearly flat as dollar supply and demand balanced
- Unwinding arbitrage positions boosted dollar sales
- Importer hedging demand provided rupee support
- Iran war risk kept volatility muted but sentiment cautious
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times