Flash: India Rupee still set to struggle despite RBI intervention - BBH

FXstreet.com (Barcelona) - After the announcement by the Reserve Bank of India on FX intervention via public oil companies, which as Marc Chandler, Global Head of Currency Strategy at BBH, notes, "will be conducted via a FX swap window to meet dollar requirements of these companies originating from crude oil imports", the Indian rupee will only see a short-lived relief rally, which "will not be enough to counter negative sentiment" Chandler said, very much in line with other commentator's opinions.