RBI vs Corporates: NDF Activity Surges 7x to $7.5 Billion as Firms Exploit Rupee Gap

Indian companies’ activity in the non-deliverable forwards (NDF) market surged to over $7 billion on March 30, around seven times the average, signaling a rush to capture arbitrage opportunities created by banks unwinding positions following regulatory curbs.The unwinding followe

Read More

  • Related Posts

    India Has Food Grain Stock Three Times the Existing Buffer Norms: Govt

    New Delhi: C Shikha, Joint Secretary in the Department of Food and Public Distribution, Ministry of Consumer Affairs, Food and Public Distribution, on Monday said that India has an adequate buffer stock of food grains, well above the prescribed norms. She stated that the country Read More

    Nayara Energy To Shut Vadinar Refinery From April 9 – Here’s Why

    Indian refiners have postponed maintenance shutdowns of their units to meet local fuel demand, a government official said on Monday.Indian Oil Corporation and Bharat Petroleum Corporation were among the companies that had planned to shut units at some of their refineries for rout Read More

    Leave a Reply

    Your email address will not be published. Required fields are marked *