| Topic : The Dollar in Forex Trading |
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Activity:
Question posted: 04 11 2009 06:50:24 +0000,
1 answers, 412 views, last activity
07 06 2010 20:18:08 +0000
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Top Answer :
Rating : +1
The NDF market allows participants not allowed in the onshore market to hedge currency risk or place bets on non-convertible currencies such as the Indian rupee.
Players who cannot hedge Re exposure legitimately in India (E.g. PN holders)
Arbitrageurs who have dollars offshore and access to Indian currency markets
Indian exporters
Indian banks are not allowed by RBI.....
by
Milind Khaire, Portfolio Manager, IL&FS Venture Corporation
| 04 11 2009 07:34:38 +0000
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