RBI Restricts Rupee NDF Contracts to Support Currency
The RBI barred lenders from offering rupee non-deliverable forwards to stabilize the currency. This follows record lows driven by Middle East conflict concerns.
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The Reserve Bank of India has introduced stringent new measures to stabilize the national currency, prohibiting authorized dealers from offering rupee non-deliverable forwards (NDF) to both resident and non-resident clients. This regulatory tightening comes as India grapples with persistent pressure on its currency.
