Economics · Foreign Exchange Derivatives & NDD Markets
With reference to the Non-Deliverable Derivative (NDD) Market, consider the following statements: I. In NDD contracts involving the Indian rupee, settlement takes place without physical delivery of currency. II. NDD transactions are generally settled through cash payments, often in US dollars. III. NDD markets operate entirely within the regulatory jurisdiction of the Reserve Bank of India. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2I and III only
- 3II and III only
- 4I and II only✓
Correct answer
I and II only
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