India
India onshore/offshore NDF markets tipped to converge
Local banks will increasingly take advantage of price differentials and close gaps, say market participants
Foreign corporates rally round new Thai baht hedge rules
Cheaper onshore pricing draws non-Thai corporates to Bank of Thailand’s new FX hedging scheme
NDF access will help tame rupee volatility, say dealers
Lifting of restrictions stopping Indian banks trading rupee NDFs allows RBI to intervene offshore
India preps margin regime as parliament debates netting law
Lawmakers thrash out bill on close-out netting; margin rules likely to follow in H1
India exchange to debut rupee derivatives settled in US dollar
Launch of onshore futures and options unlikely to dent offshore volumes, though
EM forecaster of 2019: City Index
CNY could hit 7.5 in H2 2020 as trade doubts linger and time runs out for Trump
R5FX: rupee NDF volumes will grow after CNH-type setup
Offshore rupee trading will increase despite RBI’s move to encourage onshore trading, it is claimed
Sambrani joins Barclays, Singapore in EMFX options
Trader moves from Bank of America Merrill Lynch, Hong Kong
SEB: tariffs won’t dampen China’s growing influence on global economy
But in the short run, threats will knock renminbi and other emerging market currencies
RBI to repeat FX swap following high demand for first auction
Second round of long-term liquidity will be on offer in late April
RBI buys $5bn in FX swaps auction
Unusual move to inject long-term liquidity into the system is heavily oversubscribed
LCH adds five currencies to non-deliverable swaps offering
Expansion in response to customer demand in Asia and Latin America
RBI and Indian government boost banking sector as election nears
Central bank injects liquidity into banks as government recapitalises more state-owned lenders
RBI forms task force on offshore rupee
Task force will examine the effects of the offshore market on exchange rates and domestic liquidity
CNH contracts on SGX break daily record in November
November was third-highest trading month for USD/CNH since contract began trading on the exchange
FX under one umbrella – the Kölzer plan
Carlo Kölzer, 360T’s chief and Deutsche Börse’s head of FX, tells FX Week about his plans and ambitions for the venue
More than 100 participants commit to FX Global Code
Global Foreign Exchange Committee plans to launch Global Index of Registers before June meeting
Spiteri joins 360T
Lisa Spiteri started her new role on January 15, switching from Nex-owned EBS, where she worked for more than 13 years
Markets underpricing impact of tax reform, says BAML
“I think the market is not appreciating the risk of growth,” says David Woo, head of global rates and FX
China to loosen grip on yuan – Westpac
With growth on a good footing, reform will resume after Xi Jinping's renewed leadership mandate