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...
Biggest currency clampdown in decade risks backfiring for IndiaIndia's Reserve Bank of India has intervened to support the rupee, forcing local banks to unwind bearish bets. This move, while strengtheni...
RBI moves to curb rupee volatility after sharp FY26 slideThe Reserve Bank of India is tightening oversight of foreign-exchange markets and non-deliverable forward (NDF) norms to curb rupee volatil...
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 ...
Can Sensex, Nifty rally for a third consecutive session on Monday? 5 factors to watch this weekIndian markets ended higher despite sharp intraday swings, with Sensex and Nifty extending gains for a second session in FY27. However, the...
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...
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 steps in as prior intervention-linked flows pressure rupee near record lowsThe Indian central bank likely intervened to support the rupee on Wednesday. Heavy dollar demand from maturing non-deliverable forwards wei...
Standalone dealers get nod to deal in rupee NDFsThe Reserve Bank of India has authorized standalone primary dealers to deal in non-deliverable rupee derivatives, effective immediately. Th...
India to take on offshore currency markets amid virus tumultRBI has allowed local banks to participate in the offshore currency market from June 1
RBI doubles down on market that it despisedThe policy shift opens a new front for the RBI to manage volatility in the rupee.
'Offshore trading in Re affects local spot rates’Rupee bets in the overseas currency markets influence the domestic currency levels, especially when the rupee is losing ground to the dolla...
- Rupee may slip to record lows, 2-month NDF weaker
A record low for the rupee may be on the cards, despite the aggressive string of intervention from the central bank.
- ET in the Classroom: Non-Deliverable Forwards
Non Deliverable Forwards, or NDFs as they are popularly known, are short-term forward contracts on foreign exchange. International investor...
- Offshore players reverse rupee bets for NDFs
Hedge funds and portfolio investors shy away from domestic currency as dollar gains ground. Heard on the Street | Credit crunch? Don't fret...
- Bond prices rise, rupee rebounds
Positive comments from Union finance minister P Chidambaram caused bond prices to rise marginally while inflows from offshore markets helpe...
- Rupee may see correction
Rupee fell by a massive 61 paise to 41.14/$. Expectations of strong capital inflows helped the rupee to hang around 9-year highs early last...