RBI Relaxes Forex Derivative Curbs as Rupee Stabilises

5 articles · Updated · Bloomberg · Apr 20

India's central bank has eased some restrictions on banks' foreign exchange derivative trades, partially rolling back measures imposed earlier this month.
The Reserve Bank of India withdrew its April 1 ban on rupee-linked non-deliverable forwards, but maintained curbs on deals with related parties.
The curbs were initially imposed to halt the rupee's sharp decline amid global volatility, with the currency recovering over 2% since late March.

Will easing forex rules reignite the speculative trades that crashed the rupee?

Can India internationalize the rupee while using such drastic currency controls?

Did the RBI's fight against speculators make hedging costlier for genuine businesses?

How will the RBI prevent the 'Vostro Accumulation Trap' while promoting global rupee use?

With oil prices still high, is the rupee's recovery sustainable or just temporary?