USD/INR NON-DELIVERABLE FORWARDS (NDFs)
USD/INR Non-Deliverable Forwards (NDFs) are cash-settled forward contracts widely used by offshoreUSD/INR Non-Deliverable Forwards (NDFs) are cash-settled forward contracts widely used by offshore participants to hedge or express views on Indian Rupee movements without physical currency delivery. participants to hedge or express views on Indian Rupee movements without physical currency delivery.
Key Institutional Use Cases
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Hedging INR exposure linked to Indian equities, bonds, or loans
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Managing currency risk for offshore funding and investments
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Basis and relative-value strategies between onshore and offshore INR markets
How Crest Adds Value
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Institutional execution support for offshore INR NDFs
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Access to diversified liquidity pools via GIFT IFSC
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Market colour on offshore flows, positioning, and basis dynamic
Market Context
USD/INR Non-Deliverable Forwards (NDFs) are cash-settled forward contracts widely used by offshore participants to hedge or express views on Indian Rupee movements without physical currency delivery.