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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.
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