https://www.reuters.com/business/finance/exclusive-indias-rbi-asks-banks-stop-building-positions-offshore-market-bankers-2022-10-13/
The Reserve Bank of India, seeking to arrest the rupee's slide, is asking local banks to not build additional positions in the non-deliverable forward market, a move that could lead to offshore volatility spilling into local markets, bankers and traders said.
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