印度向国企出售美元 遏制卢比贬值India's central bank says it will sell US dollars to three state-run oil fir ms as it looks to stem the decline in the Indian rupee.印度洋行将向三大国有炼油企业出售美元以期阻止卢比的贬值。 It said the sales would help to meet the "entire daily d ollar requirements" of the three firms. According to some estimates, they import about $300m worth of oil daily. The rupee bounced back from its record low, rising 2.5% against the US dollar. The Indian currency is one of the worst performers in the world this year. It has declined more than 20% against the US dollar since the start of 2013. Global oil contracts are mostly settled in US dollars. As a result, Indian oil firms need to sell rupees to buy US dollars to pay for the imports. The central bank's swap window is expected to take the bulk of their dollar demand away from the foreign-exchange market and help to stem the decline in the rupee. However, some analysts said the central bank's move was unlikely to result in a sustained recovery in the currency. "The measure is unlikely to arrest the decline in the Indian rupee with the authorities increasingly trying to find new means to stem the rout in the currency," said Mitul Kotecha, head of global markets research for Asia at Credit Agricole.
