Try GOLD - Free
Rupee NDF volume hits record high on arbitrage activity
Hindustan Times Patna
|January 10, 2025
RBI interventions in the NDF market kept the local and NDF rates on par for much of 2024
MUMBAI: Trading volume in dollar-rupee non-deliverable forwards (NDF) at India's offshore finance hub soared to a record high in December as banks and companies lapped up arbitrage opportunities amid a worsening outlook for the rupee.
Banks executed NDF trades worth more than $161 billion at the offshore hub, a sharp rise of 140% from a year ago, data from Clearing Corporation of India showed. The trades had averaged about $111 billion per month over the rest of 2024.
NDF activity by banks' clients spiked by more than 10 times to $39.30 billion last month compared to the total trades between January and November.
This story is from the January 10, 2025 edition of Hindustan Times Patna.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Patna
Hindustan Times Patna
From vows to views: How social media virality is now the new wedding 'wow'
After the billionaire wedding in Udaipur blew up Instagram, this is how young couples are now hiring PR managers and social media managers to make their own weddings go viral
2 mins
December 14, 2025
Hindustan Times Patna
Sania Mirza reveals battling 'bouts of depression' during peak
Former tennis star Sania Mirza has added her voice to the growing wave of Indian athletes speaking publicly about mental health, revealing that she, too, often struggled with bouts of depression.
1 min
December 14, 2025
Hindustan Times Patna
READY TO 'DEAL WITH 'EXTERNAL AND INTERNAL' THREATS: MUNIR
Chief of Defence Forces and Chief of Army Staff Field Marshal Asim Munir on Saturday said his forces were ready to deal with the threats posed by the external and international elements.
1 min
December 14, 2025
Hindustan Times Patna
TWO KILLED AFTER FOUR-STOREY TEMPLE IN SOUTH AFRICA COLLAPSES
Two people were confirmed dead after a four-storey temple in the Indian township of Redcliffe, north of Durban, collapsed on Friday afternoon.
1 min
December 14, 2025
Hindustan Times Patna
436 women among 1,218 sub-inspectors join Bihar police
Bihar police on Saturday got 1,218 sub-inspectors (SIs), including three transgenders and 436 women.
1 min
December 14, 2025
Hindustan Times Patna
19 US states sue Trump admin over H-1B hike
A group of 19 states sued the Trump administration to block a $100,000 fee for any new applications for H-1B visas, which allow employers in the US to hire skilled foreign workers.
1 min
December 14, 2025
Hindustan Times Patna
Addressing the gender gap in climate policies
Former UN high commissioner for human rights Mary Robinson summed it up succinctly when she said, \"Climate change is a manmade problem that requires a feminist solution.
2 mins
December 14, 2025
Hindustan Times Patna
Messi’s Kolkata event ends in vandalism and chaos; organiser held
The police on Saturday arrested Satadru Datta, the prime organiser of the Lionel Messi football event at Salt Lake Stadium here, following widespread chaos at the venue, which prompted the Argentine World Cup-winning captain to leave the field early.
1 min
December 14, 2025
Hindustan Times Patna
Thailand: 4 soldiers killed, Trump didn't talk ceasefire
Cambodia suspended all border crossings with Thailand after latter's statement
2 mins
December 14, 2025
Hindustan Times Patna
Tales from the loop
In Ghosh's new book, Ghost-Eye, a child named Varsha, born into a vegetarian family, suddenly refuses to eat anything but fish, and begins to recall details of a past life in the Sundarbans.
4 mins
December 14, 2025
Listen
Translate
Change font size