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Rupee drops 36 paise as RBI eases forex curbs yet traders get hedging squeeze
Economy
Published on 24 April 2026
Banks pull back on NDF offers, raising hedging costs
The rupee fell 36 paise to around 93.13 per dollar after the RBI rolled back some forex curbs following Monday’s market close. Bank treasury heads said they remain cautious and are holding back non-deliverable forward (NDF) contracts to corporates as RBI likely monitors such trades. Dollar-rupee forward premiums rose, lifting hedging costs, with the 1-year forward yield up 10 bps to 3.10%.
- Rupee slips 36 paise after RBI rollback on forex curbs
- Banks are cautious on offering NDF contracts to corporates
- Forward premiums rise, making hedging more expensive
- 1-year forward yield increases by 10 bps to 3.10%
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times