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Indian firms’ NDF trading surges 7x
Mint Ahmedabad
|April 07, 2026
Indian companies’ activity in the non-deliverable forwards (NDF) market surged to over $7 billion on 30 March, around seven times the average, signalling a rush to capture arbitrage opportunities created by banks unwinding positions following regulatory curbs.
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The unwinding followed the Reserve Bank of India’s imposition of restrictions on lenders’ net onshore open FX positions, prompting a rush to lower positions aimed at benefiting from gap
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