Home Forex Market 24×7 Forex market ops: Some NDF volume to move onshore, say experts – Business Standard

24×7 Forex market ops: Some NDF volume to move onshore, say experts – Business Standard

1 min read
0
4

The move to allow Indian banks to offer derivatives quotes 24/7 is likely to divert some of the volume from the offshore markets to onshore ones, but it would still be a long way to go before the offshore non-deliverable forwards (NDF) markets are challenged seriously, say experts.

The reason for such a move is that the NDF market, being operated from locations such as Singapore, London, Dubai and New York, has garnered more volume than the Indian market in rupee. According to a survey in London in October 2018, the daily average turnover in the NDF market was $23 billion against $21.4 …

Let’s block ads! (Why?)


Source link

Comments are closed.

Check Also

GBP/USD Technical Analysis: A New Threat to Bulls – DailyForex.com

Bearing in mind that any negative update for the future of Brexit negotiations will increa…