Ndf

The rupee was at 83.5525 to the U.S. dollar, only marginally away from the 83.5750 all-time low it hit in April.

RBI likely intervened in NDF to support rupee, traders say

The rupee was last at 83.4475 to the U.S. dollar, up from 83.5300 in the previous session.

Buy USDINR November; target of 61.98: Karvy

Karvy has recommended to buy USDINR November near 61.62-61.63 with a stop loss of 61.49 for the target of 61.98, in its research report dated November 12, 2014.

Rupee may appreciate against US Dollar: Karvy

Karvy expects the USDINR Pair's day movement could be towards the appreciating side. One can see an opportunity in selling from higher levels.

FM calls for high level of probity in capital market

NDF is a forex derivative instrument, traded over the counter and operated in currencies that are freely convertible unlike the rupee. The rising volumes of rupee trade in the NDF abroad could adversely affect value of the domestic currency.

FinMin keen to bring NDF market under its ambit

The move comes as the positions taken in the NDF markets abroad were seen to be as one of the prime reasons for the weakening of the currency.

Rupee may settle at 64 by Dec'13: Nirmal Bang

The USDINR pair is moving gradually towards its fair value and we see USDINR in a band of 60.50-63.50 in the short-term. However, it would be difficult for the pair to trade sub 60 in the absence of any significant domestic policy reforms. See the USDINR ending the December quarter at 64.00 handle against the US dollar, says Nirmal Bang.

Rupee may trade in 62.25-62.80 range; sell on rise: Karvy

Karvy Stock Broking has come out with its report on currency. According to the research firm, the USDINR pair is expected to trade in the range of 62.25-62.80 for the day. One can sell on sell on rise, says Karvy.

Rupee hits hard times: India woos offshore currency players

The offshore market in the partially convertible rupee has flourished, with average daily trading volumes rising to about USD 5 billion a day earlier this year from a few hundred million dollars in 2006, traders say.

NDF mkt crackdown, Rajan effect helps Re stabilise: Experts

The reported crackdown on speculative trading in the non-deliverable forward market by the government and steps taken by recently-appointed RBI Governor Raghuram Rajan brought stability to the forex market last week, analysts and treasury heads say.

Asian stress points unveiled as Fed tapering looms

How quickly the US Federal Reserve reduces its USD 85 billion a month of bond purchases, which keep interest rates low, will determine how quickly money is pulled out of Asia.

Rupee higher on hopes of custodial inflows

Rupee opened slightly higher this morning at 60.08/10/USD versus the close of 60.13/14/ USD. Asian currencies are marginally weaker against the US dollar.

ANALYSIS: Here's how NDF factor works for rupee/dollar rate

The Indian rupee (INR) slumped to a record low of 59.98 against the US dollar on June 20 through a fresh challenge to the authorities to revive the flagging economy. FIIs are exiting their investment. However, this is not all but only the basic factor. NDF arbitrage factor is also adding to woes. Here's how NDF factor works for exchange rate....

How NDF market works

Non-deliverable forwards are used to hedge or speculate against currencies when exchange controls make it difficult for foreigners to trade in the spot market directly.

Rupee posts ninth straight weekly drop

The rupee strengthened on Friday on the back of dollar sales by corporates but it still posted a ninth consecutive weekly drop, its worst losing streak since the Lehman crisis.

USDINR may trade in 52.50-53.20 range in spot: Nirmal Bang

Nirmal Bang has come out with its report on currency. According to the research firm the likely range for USDINR pair to trade in spot is 52.50-53.20.