Ndf

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  RBI Expansion Of NDF Access Will Facilitate Flexible Hedging: Analysts

  The Reserve Bank of India said it is proposing to permit banks with IFSC banking units to offer non-deliverable forex derivative contracts involving the Indian rupee to resident users in the onshore market.

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  Rupee Rises 21 Paise To 81.15 Against US Dollar

  Forex traders said the rupee opened stronger tracking gains in the non-deliverable forward (NDF) markets.

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  RBI Lifts Informal NDF Restrictions On Banks: Report

  The rupee's relative stability in recent weeks has probably made RBI comfortable with allowing banks to access NDF again, one of the bankers said.

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  Rupee Edges Higher to 60.77 Per Dollar; Shares Eyed

  Traders said drop in NDF forwards was hurting sentiment for the USD/INR pair.

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  Rupee Rises to 60.03 as Exporters Sell Dollars

  The rupee was trading marginally stronger in the spot offshore NDF market, prompting traders to sell dollars in domestic spot market to narrow the differential. The two rates are now broadly at the same levels.

• Rupee falls to 60.29, more weakness seen in near term

  The gap between the spot USD/INR and one-month NDF has widened to around Rs 0.45 on Thursday, much higher than the usual Rs 0.20-.025 spread, suggesting offshore players expect the dollar to gain against the rupee in the near-term.

• Bullish rupee bets at one-year high: poll

  The rupee's long positions rose to the largest level since late January 2013 as India's headline inflation eased to a five-month low in December.

• Why RBI is rolling the red carpet for offshore currency players

  The RBI recently met with a handful of foreign banks and asked them to stop acting as market-makers for rupee NDFs, according to three bankers involved in the discussions.

• Raghuram Rajan effect, NDF market crackdown helping rupee stabilise: experts

  Various steps taken by the recently-appointed Reserve Bank of India (RBI) Governor, Raghuram Rajan, and the reported crackdown on speculative trading in the non-deliverable forwards (NDF) market by the government brought stability to the foreign exchange market last week, according to analysts and treasury heads.

• Rupee breaches 64 against dollar; Sensex up for 3rd day

  The rupee tracked the non-deliverable forward markets, where the one-month offshore NDF was trading at 64.60/70, sharply weaker than the onshore spot rate. Traders expect the rupee to drop further due to month-end dollar demand from importers likely later in session.

• Offshore markets influencing rupee movement: RBI study

  The NDF, or the offshore, market remains outside the regulatory purview of the Reserve Bank. Domestic financial institutions are not allowed to transact in the NDF markets.

• Rupee hits 63.77 against dollar to fresh record low

  The rupee, has fallen more than 13 per cent in spot trading against the U.S. dollar so far this year, is poised to breach the 64 mark according to rates in the non-deliverable forward (NDF) market. The dollar-rupee 1-month NDFs surged in New York trade to close at 64.53-58.

• Rupee headed to 64/$, Nifty poised for 3rd straight fall

  The rupee is poised to hit another record low high at open with non-deliverable forward (NDF) rates signalling the currency may test 64/dollar in early trading. It last closed at 63.13/14 after charting a high of 63.30. The dollar-rupee 1-month NDFs surged in NY trade to close at 64.53-58.

• Rupee hits 61.16 against dollar, nears record low

  Rupee hits new record low against dollar

• How Singapore's currency club fell apart

  The main product at issue, a non-deliverable forward (NDF), allows foreign investors and companies to hedge or speculate on emerging market currencies when exchange controls in those countries make it difficult to trade directly in the spot market.