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RBI ups presence in NDF amid tariff risk
Mint Mumbai
|September 16, 2025
The Reserve Bank of India (RBI) has stepped up its presence in the offshore non-deliverable forward (NDF) market to support the rupee, which has come under pressure from shifting demand-supply dynamics, bankers said on Monday.
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Exporters have been holding back dollar sales, while importers are ramping up hedging in response to US tariffs risks, contributing to rupee weakness, they added.
This story is from the September 16, 2025 edition of Mint Mumbai.
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