# Dollar-rupee trading in London trebles, raising policy concerns

> 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.

- Date: 2019-02-26 · published 2019-02-26T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/60874-dollar-rupee-trading-in-london-trebles-raising-policy-concerns
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: neutral

## Sources

- livemint.com: https://www.livemint.com/market/mark-to-market/dollar-rupee-trading-in-london-trebles-raising-policy-concerns-1551216617693.html

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