The cause for concern for the RBI in this regard is that it has no control over the NDF market, whereas, the onshore market is under direct supervision of the regulator
London has become the biggest center for trading the Indian currency, according to the latest survey by the Bank for International Settlements in September.
The domestic unit on Wednesday gained 27 paise to settle at 72.12 in line with a recovery in domestic equities.
The flurry of state-run bank mergers will see an era come to an end
Sustained capital outflows and a sudden spike in crude oil prices globally too largely weighed on the forex market
A sudden rebound in global crude prices after its two-day fall also added to the pressure on the trading front
Serenity Financial platform acts as an intermediary which uses blockchain technology to regulate dealings for Forex market
Volatility in the $5.1-trillion-a-day foreign-exchange market is down, but not out, according to UBS
Apart from forex markets, bond markets will see volatility because treasury yields in the pound sterling will be volatile