Understanding the RBI’s NDFPolicyShift... Streamlined approval processes for banks participating in the NDF segment ... Historically, wide gaps between NDF and onshore rates created volatility ... Why did the RBI previously impose strict NDF curbs?.
The Reserve Bank of India’s decision to remove curbs on NDF markets represents a strategic reversal of policies implemented during periods of currency volatility ...Understanding NDF Markets and Their Impact ... NDF Contract Mechanics.
The RBI has focused much of its intervention in offshore markets, particularly through non-deliverable forwards (NDFs), which allow it to influence the exchange rate without immediately drawing down foreign exchange reserves ... .