The PRESS Pad

The Reserve Bank of India (RBI) recently partially eased restrictions on rupee derivative trades that were imposed earlier to prevent the currency from hitting successive record lows. On April 1, RBI had barred banks from participating in Non-Deliverable Derivative (NDD) contracts in the rupee, signaling a shift toward tighter control and transparency in the foreign exchange market. Understanding Derivatives: The Foundation Concept Before understanding NDDs, it is essential t