# Investors shift to Singapore after RBI's curbs on local rupee futures

> Investors are moving rupee hedging and arbitrage activity to Singapore after the RBI restricted local rupee futures. Open interest on Singapore Exchange rupee futures rose about 400% this year to 268,000 contracts.

- Date: 2024-07-09 · published 2024-07-09T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/29569-investors-shift-to-singapore-after-rbi-s-curbs-on-local-rupee-futures
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The shift in offshore hedging reflects RBI efforts to manage rupee volatility and has little direct effect on feed commodity prices.

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/markets/investors-shift-to-singapore-after-rbis-curbs-on-local-rupee-futures-12765306.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.