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RBI steps up NDF activity to counter tariff impact on flows, bankers say
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RBI steps up NDF activity to counter tariff impact on flows, bankers say
New Delhi: The Reserve Bank of India has stepped up its presence in the offshore non-deliverable forward (NDF) market to support the rupee, which has come under pressure from shifting demand-supply dynamics, bankers said on Monday. Exporters have been holding back dollar sales, while importers are ramping up hedging in response to U.S. tariffs risks, contributing to rupee weakness, they added. Reuters reported last month that the RBI had resumed…
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