BENGALURU: Long positions on India's rupee were sharply raised to a three-year high, a Reuters poll found, as the central bank cut back on dollar-buying, while a weaker greenback and encouraging economic recovery signs propped up bullish bets on other Asian currencies.
The fortnightly poll of 13 respondents showed investors held long positions on all nine Asian currencies for the first time since late January, before the Covid-19 pandemic dealt its devastating economic blow.
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