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Bankers Shy Away From Rupee Futures Forwards Arbitrage Amid New Regulatory Risk
Economy
Published on 24 April 2026
Rupee price gaps exist, but rules may stop trades
After India’s central bank introduced recent foreign exchange curbs, pricing between exchange-traded rupee futures and onshore forwards has diverged enough to create arbitrage opportunities. However, bankers are reportedly holding back because the same regulatory uncertainty raises risk and could make these trades costly or difficult to execute.
- FX curbs have distorted rupee futures vs onshore forward pricing
- These gaps typically enable futures-forwards arbitrage
- Regulatory risk is deterring bankers from exploiting it
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times