R5FX: rupee NDF volumes will grow after CNH-type setup
Offshore rupee trading will increase despite RBI’s move to encourage onshore trading, it is claimed
Indian rupee non-deliverable forward (NDF) volumes will continue to grow, despite the Reserve Bank of India’s (RBI) new rules aimed at moving offshore trading onshore, according to emerging market foreign exchange platform R5FX.
One of the reasons why offshore rupee trading will not decrease is that hedging can be achieved more cheaply via offshore products, says Jon Vollemaere, chief executive of R5FX: “If you’re a speculator, currently you take positions and risk effectively in USD, and those
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