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Rupee NDF volume hits record high on arbitrage activity
Hindustan Times Rajasthan
|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.
यह कहानी Hindustan Times Rajasthan के January 10, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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