Rupee Derivatives Market Under Pressure from RBI Regulations
By
Yash Kapoor
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
India’s booming market for exchange-traded currency derivatives is headed for a sudden demise. Brokers are advising clients to close out rupee derivatives positions due to RBI rules requiring underlying exposure, effective April 5. This move has caused turmoil in the FX market, signaling significant changes in India's financial landscape.