Indian cenbank’s ballooning NDF position suggests more rupee losses, bankers say
MUMBAI, Dec 2 (Reuters) - The surge in the Indian central bank's position in the non-deliverable forward market (NDF) reflects the extent of pressure on the rupee and suggests that the currency, ...
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What is NDF Market?
NDFs in the non-deliverable forward market are always settled in cash and are non-deliverable, meaning the trader can not take the delivery of the currencies. How does a Non-deliverable Forward ...
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MC Explains| All you need to know how the NDF market works
The Reserve Bank of India (RBI) has of late been taking positions in the non-deliverable forward (NDF) market to manage currency fluctuations, reflecting pressure on the rupee. Traditionally ...