FX & CFD OBCHODOVÁNÍ NESE VYSOKOU MÍRU RIZIKA
We believe RBI has been reticent to intervene aggressively in the FX market because any unsterilized intervention (i.e. RBI purchases of USD without issuing bonds to soak up the liquidity injection) will only exacerbate the current excess liquidity situation due to last year's demonetization, Commerzbank commented in its latest research report.
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