The Reserve Bank of India is tightening oversight of foreign-exchange markets and non-deliverable forward (NDF) norms to curb rupee volatility. Recent directives cap banks’ net open foreign-exchange positions and prohibit offering rupee NDF contracts, forcing unwinding of existing positions and preventing new ones. These measures aim to stabilize the rupee by reducing arbitrage opportunities and offshore influence.
Gold heads for weekly loss amid oil-driven inflation concerns
Gold prices held steady Friday, but a weekly dip was likely as soaring oil prices fueled inflation concerns, impacting interest rate expectations. Meanwhile, geopolitical tensions