Economic Times ·

RBI bans rupee NDF contracts and derivative rebooking

Offshore hedging routes shut down

Financial Services
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India’s RBI prohibited banks from offering rupee non-deliverable forwards, rebooking derivatives, and dealing with related parties in forex contracts.
Why it matters
The rules eliminate key hedging and arbitrage mechanisms used by banks and corporates in currency markets.
Implications
  • — Hedging options reduced — treasury risk increases
  • — Banks must adjust trading strategies — operational constraints

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