Earnings season will be real test of the market from April 10: Sunil SubramaniamIndian equities saw a dramatic intraday reversal driven by a technically engineered rupee rally, not fundamental shifts. While the IT index...
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...
RBI's forex war explained: How a $149 billion crackdown is stopping speculators from tanking the rupeeThe RBI has tightened forex derivative rules after its initial intervention backfired, allowing arbitrage trades to weaken the rupee furthe...
RBI lifting curbs on forex non-deliverable forward arbitrage by banks: ReportThe Reserve Bank of India (RBI) has allowed banks, that have made requests, to resume such trades, a person directly familiar with the cent...
RBI doubles down on market that it despisedThe policy shift opens a new front for the RBI to manage volatility in the rupee.
Government set to kill rupee NDF market by easing restrictions & lowering costsThe government wants to kill the rupee NDF market - where contracts in the currency worth billions of dollars are traded every day.
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...
RBI tightens hedging norms for FIIs, helps rupee recoverSeveral FIIs have been using stocks bought in the Indian market to enter into forward deals in India.
Will Rupee be the same once it trades on New York, Singapore bourses?The entry of ICE and CME, exchanges which have experimented and succeeded with new products, could change the complexion of the game.
RBI eases forex restrictions for select PSU and private banksRBI has partially lifted the curbs on banks' forex transactions imposed after rupee came under attack from currency speculators in Dec.