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.
Bu hikaye Hindustan Times West UP dergisinin January 10, 2025 sayısından alınmıştır.
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Bu hikaye Hindustan Times West UP dergisinin January 10, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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