# RBI opens up intervention avenue in offshore rupee derivative market | Banking News - Business Standard

> The Reserve Bank of India allowed Indian banks to trade in offshore non-deliverable rupee markets, giving it a channel to intervene in those markets. The RBI had reportedly intervened heavily there and in domestic markets after reserves fell $12 billion in the week to March 20.

- Date: 2020-03-27 · published 2020-03-27T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/54396-rbi-opens-up-intervention-avenue-in-offshore-rupee-derivative-market-banking
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Offshore intervention can cap speculative rupee moves, which may limit further depreciation and so ease India's import costs.

## Read by commodity

- USDINR: neutral

## Sources

- business-standard.com: https://www.business-standard.com/article/finance/rbi-opens-up-intervention-avenue-in-offshore-rupee-derivative-market-120032701713_1.html

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