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Tackling The Growing Influence Of The Offshore Rupee Market
The Usha Thorat committee will need to examine a host of issues to break the dominance of the offshore rupee markets.
12 Apr 2019, 12:53 PM IST
The Reserve Bank of India has constituted a task force to study the offshore rupee market, which, in the past, has proved to be troublesome for the currency markets in India. The country has gone through bouts of excessive speculation in the offshore non deliverable forwards market, which in turn has impacted the spot markets. These episodes have led the central bank to believe that it needs to move a larger part of the currency mark...
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