MUMBAI: Trading volume in dollar-rupee non-deliverable forwards (NDF) at India's offshore finance hub soared to a record high in December as banks and companies lapped up arbitrage opportunities amid a worsening outlook for the rupee.
Banks executed NDF trades worth more than $161 billion at the offshore hub, a sharp rise of 140% from a year ago, data from Clearing Corporation of India showed. The trades had averaged about $111 billion per month over the rest of 2024.
NDF activity by banks' clients spiked by more than 10 times to $39.30 billion last month compared to the total trades between January and November.
هذه القصة مأخوذة من طبعة January 10, 2025 من Hindustan Times West UP.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة January 10, 2025 من Hindustan Times West UP.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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