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The Reserve Bank of India’s (RBI) recent easing of restrictions in the offshore non-deliverable forwards (NDF) market is not expected to alter its stance on the net open position for the Indian rupee (NOP-INR). Market…
The Reserve Bank of India (RBI) on April 20 withdrew some of the restrictions imposed on forex dealers taking positions in the offshore non-deliverable forwards market (NDF) to curb rupee volatility. The move comes a…
The Reserve Bank of India (RBI) has shifted gears on its liquidity operations, moving from injecting funds into the banking system in March to absorbing surplus liquidity through variable rate reverse repo (VRRR) auctions in…
