The Indian Rupee(₹) is the official currency of India as a country. The issuance of the currency is managed & controlled by ...

and regulations framed thereunder, which mandate that currency derivative contracts involving rupee — both over-the-counter (OTC) and exchange-traded — are permitted only for the purpose of ...

The 1-month non-deliverable forward indicated that the rupee will open at 87.40-87.42 to the U.S. dollar compared with 87.4950 in the previous session. The Indian currency dropped 1% in February ...