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INR NDF Regulatory Tightening

India – RBI further tightens INR NDF regulations: Driving a wedge

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About this resource

The Reserve Bank of India (RBI) has implemented new regulations prohibiting authorized dealers from offering non -

deliverable derivative contracts in Indian Rupee to resident or non-resident users, effective immediately. This is part of a

broader strategy to manage currency weakness following recent limits on onshore USD/INR positions.

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