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NDF DIFFERENCE
Big banks urge RBI to rethink uniform forex exposure capIn recent interactions with RBI, officials of big state-owned and private sector banks have suggested a dynamic regulation on the unhedged ...
Why the RBI is weighing a rare 2013-crisis playbook to arrest rupee slide to record lows?The rupee’s slide to fresh record lows and oil above $100 has prompted the RBI to revisit crisis-era tools from 2013, including a special N...
Global banks play hedge card after RBI blow on rupee betsForeign banks are reportedly reclassifying arbitrage deals, impacted by RBI's rupee speculation clampdown, as hedges for capital from overs...
India to push for reporting of offshore rupee trades despite resistance: ReportIndia plans to move ahead with a proposal mandating that banks report offshore rupee derivative trades despite objections from lenders, two...
Banks seek RBI clarity on forex hedge curbs, warn rules may hit genuine trade flows amid delaysBanks are urging the Reserve Bank of India for clarity on forward contract rules. Recent RBI directives aimed at curbing speculation could ...
Defending the rupee: Understanding the RBI’s new rules. Will they work?The RBI’s measures to defend the rupee have had their desired effect, with the Indian currency staging a smart recovery. But do these measu...
RBI curbs widen dollar-rupee forwards-NDF spreadThe Reserve Bank of India has banned banks from offering or rebooking rupee non-deliverable forward contracts. This move widens the gap bet...
Why RBI is clamping down on FX arbitrageIndia's central bank has deployed crisis-era measures to stabilize the rupee, which hit an all-time low due to soaring oil prices and massi...
RBI tightens forex derivatives norms to steady rupee amid volatilityThe Reserve Bank of India has tightened foreign exchange rules. Banks can no longer offer non-deliverable forward contracts to clients. Thi...
RBI says banks cannot offer NDF contracts as its tightens forex normsThe Reserve Bank of India has tightened foreign exchange rules. Banks can no longer offer non-deliverable forward contracts involving the r...
NDF difference swings as banks stay away from usual forex betsNew RBI curbs on net open rupee positions created volatility in dollar-rupee forwards. Initially, the gap between domestic and overseas rat...
Rupee hits 94: Abhishek Goenka on the $30 billion unwind that could keep the currency under pressure for daysThe Reserve Bank of India's intervention to curb arbitrage trades has triggered a disorderly unwinding of bank positions, causing the rupee...
Rupee-NDF premium up after RBI moveBanks scrambled to adjust positions Monday after the RBI's new $100 million cap on net open rupee exposure. This directive forced them to u...
MNC banks resist RBI plan to access offshore deal dataThe Reserve Bank of India wants details on overseas rupee derivative trades. Foreign banks operating in India are resisting this move. They...
India's RBI asks banks to stop building positions in offshore market- BankersThe build-up of positions in this segment of the market is forcing the RBI to spend more reserves to defend the rupee, one of the bankers s...
RBI asks banks to stop building positions in offshore market, say bankersThe RBI's informal communication to local bankers is a step back from the directions it issued in June 2020, when it allowed banks operatin...
As rupee bleeds, savvy traders spot money-making opportunitySavvy traders spotted a money-making opportunity as the dollar-rupee exchange rate differed widely between a bourse in Dubai and the NDF ma...
Strong co-relation between NDF markets & spot rupee, admits RBIThe NDF market is outside RBI's regulatory jurisdiction and till now only South Korean central bank has intervened in the NDF market to def...
- Rupee gains muscle on dollar shortselling in NDF mkt
With hedge funds shortselling the dollar and traders cashing in on the price difference between dollar-rupee contracts quoted in the local ...
- Companies, banks cash in on Re slide
Corporates and institutions, which have the wherewithal and flexibility, have profited by buying the dollar in India and selling it abroad....