Indian Companies Capture 7.5 Billion Dollar NDF Arbitrage
Indian firms traded over 7.5 billion dollars in the NDF market on March 30 to exploit arbitrage gaps. The surge followed central bank curbs on bank positions.
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Activity in the non-deliverable forwards (NDF) market by companies in India experienced a massive spike, reaching over $7 billion on March 30. This volume represents approximately seven times the daily average, as firms moved to capitalize on arbitrage opportunities arising from banks unwinding their positions due to new regulatory mandates.
