RBI curbs on rupee derivatives amid MUFG risk alert
pre-market1 source ↓written by the desknot a recommendation
- in adverse scenarios
- 97.50
The Reserve Bank of India (RBI) has barred authorized dealers from offering INR non-deliverable derivatives to both resident and non-resident users. MUFG anticipates this will widen the gap between onshore and offshore USD/INR markets, providing short-term support for the Rupee. However, they foresee structural INR weakness with potential USD/INR levels reaching 97.50 in adverse scenarios.
Not investment advice. For informational purposes only.