RBI lifts NDF limits but banks reportedly refuse client trades over lingering regulatory fear

RBI cleared NDF rules, yet banks still hesitate

The RBI removed fresh restrictions on Indian rupee non-deliverable forwards, but multiple sources say banks are still not rolling them out to clients. The original curbs were imposed after the rupee hit a record low and were lifted this week. Banks are allegedly avoiding trades citing regulatory risk, slowing access to a key hedging tool.