Indian residents will likely need to provide proof of exposure to foreign exchange risks to take advantage of the Reserve Bank of India's opening up of the non-deliverable forward market, bankers ...

In July 2023, ForexClear cleared Axis Bank’s first NDF trade, reflecting the growing participation of Indian banks in clearing. These initiative have paid off, as LCH ForexClear experienced record ...

MUMBAI (Reuters) - India's central bank is easing restrictions on banks' arbitrage trades between the outright foreign exchange over-the-counter (OTC) and the non-deliverable forward (NDF) markets ...

The move will deploy Integral’s platform across Phillip Nova’s NDF and FX instruments and will incorporate the fintech’s fixed-fee subscription model across the combined offering to target growing NDF ...

India's climbing foreign exchange reserves and the central bank's shrinking forward book are cementing the rupee’s defences ...

MUMBAI (Reuters) -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 ...

CME has introduced micro FX contracts which try to mirror the smaller contracts available in the spot market like mini and micro lots. Singapore Asia’s financial hub is home to the second largest ...

FOREX RBI's wider NDF access may require foreign exposure proof - bankers A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. REUTERS/Francis ...

They were earlier permitted to transact in rupee NDF forex derivatives contracts with non-residents and with other eligible banks.

Previously, IFSC banking units were permitted to transact in rupee NDF forex derivatives contracts only with non-residents and with other eligible banks.

Indian residents will likely need to provide proof of exposure to foreign exchange risks to take advantage of the Reserve Bank of India's opening up of the non-deliverable forward market, bankers said ...