# Price Action In Offshore Markets Affecting Rupee's Onshore Exchange Rate

> A Reserve Bank of India update found that onshore rupee rates, especially during volatile periods, are guided by offshore non-deliverable forward (NDF) market prices. The study found a significant two-way link between NDF and onshore prices for 2010 to 2018.

- Date: 2019-07-11 · published 2019-07-11T12:00:00.000Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/58372-price-action-in-offshore-markets-affecting-rupee-s-onshore-exchange-rate
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Growing offshore rupee activity means the rupee may be more exposed to overseas shocks, which adds volatility to import costs. This is a central bank analysis with no direct commodity price signal.

## Sources

- business-standard.com: https://www.business-standard.com/article/news-cm/price-action-in-offshore-markets-affecting-rupee-s-onshore-exchange-rate-119071100754_1.html

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