The NDF contracts in rupees are bilaterally settled within the US dollar and are traded within the over-the-counter (OTC) market. According to the Bank of International Settlements (BIS) Triennial Survey, 2019, the NDF volumes for the USD-INR currency pair reported a staggering three-fold improve, from around US$16.4 billion in 2016 to US$50 billion in 2019....Read More
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