USD/INR: Options market flips bearish for first since March 2019

Omkar Godbole FXStreet Contributor

One-month risk reversals on USD/INR, a gauge of calls to puts, has crossed below zero for the first time since March 2019, indicating a bearish shift in the market sentiment.

The one-month metric is trading at -0.025 in favor of USD/INR puts (or INR calls).

A negative print is the result of put options drawing higher premium or demand than calls or bullish bets.

The USD/INR pair fell to a 5-½-month low of 73.80 on Thursday.

Risk reversals

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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