USD/INR: Options market trims bullish bias

Omkar Godbole FXStreet Contributor

One-month risk reversal on USD/INR, which measures the prices of calls (bullish bets) relative to puts (bearish bets), has retreated to 0.25 from the two-month high of 0.525 seen earlier this month, according to Reuters.

The pullback indicates a weakening of demand for call options, which give the holder the right but not the obligation to buy the underlying asset on or before a specific date.

USD/INR fell 0.255 last week to 72.976.

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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