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Dollar-rupee non-deliverable forward trading in London rose to $23 billion in daily turnover in October 2018, up from $7.9 billion in 2016. The rise is the fastest among currency pairs tracked by the Bank of England, and it has reduced the onshore market's share.
Offshore trading that increasingly sets the rupee's value makes it harder for the central bank to manage the currency. That can add volatility to the rupee and to the cost of dollar-priced imports.
livemint.comMobis PhiliposeFeb 26, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
