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RUPEE NDF SPREAD
Indian companies' $7 billion NDF hoard shows firms seized rupee arbitrage windowIndian companies rushed to the non-deliverable forwards market, trading over seven billion dollars on March 30. This surge followed Reserve...
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...
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 sinks to fresh all-time low, breaches crucial 95 vs USD mark for first timeThe Indian rupee faced pressure on Monday. Corporates exploited arbitrage opportunities between onshore and non-deliverable forward markets...
Explained: How RBI’s safety net to protect falling rupee could mean Rs 4,000 crore shock for banksThe Reserve Bank of India has stepped in to halt the rupee's fall. This move forces banks to unwind dollar positions, potentially leading t...
Rupee rallies 1% to 93.85 vs USD after RBI caps banks' FX positionsThe Indian Rupee saw a strong rebound on Monday. This surge followed new regulations from the Reserve Bank of India. Banks now face tighter...
Rupee set to climb amid arbitrage unwinding prompted by RBI position limitsThe Indian rupee is expected to rally as the Reserve Bank of India imposed curbs on onshore position limits, requiring banks to cap net ope...
RBI's currency defence could leave banks paying the priceReserve Bank of India has introduced a bold new daily limit on the open rupee positions held by banks, aiming to counteract the rupee's wea...
Rupee seen bouncing up as RBI extends safety net belowThe Reserve Bank of India has issued a new directive to banks. This rule limits their net open positions in the rupee to $100 million daily...
Banks seek relief on new forex cap amid loss riskBanks have urged the Reserve Bank of India to reconsider its $100 million net open foreign exchange position cap, warning of significant ma...
Indian rupee's rally powered by changing offshore view - tradersThe near-maturity rates on NDF and onshore are now almost at par while in the 1-year maturity, the spread - which reflects foreign investor...
New RBI paper takes forward discussion on links between NDF, onshore forex marketThe NDF market essentially permits investors to trade in non- or partially convertible currencies (such as the Indian rupee) with the settl...
Punters exploit spread between Re futures, non deliverable forwardsWhen the spread widens beyond its average, entities straddling both the markets can simply buy dollar futures here and sell them on the NDF...
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...
Stable Rupee puts brakes on arbitrage opportunitiesThe spread between one-year forward contract in domestic market and NDF now stands at 60 paisa compared with about 100 paisa 3-4 months ago.
- Widening NDF spreads play spoilsport for currency traders
Widening bid-ask spreads on the NDF market have reduced the possibility of currency traders squaring-off positions on an intraday basis. Ba...