Global trading in derivatives involving the Indian rupee (INR) has expanded significantly over the past decade, reflecting the currency’s growing role in international hedging and trading activity. According to the Bank for International Settlements (BIS) Triennial Central Bank Survey, the INR ranked as the 11th most traded currency in the global foreign exchange (FX) derivatives market and the 17th most traded currency for interest rate derivatives (IRD) in April 2025.
This research note provides a global perspective on INR derivatives markets, followed by an analysis of over-the-counter (OTC) derivatives activity reported by sales desks in India. It examines market size, growth trends and the composition of trading by geography, currency, product and counterparty.
Click on the attached PDF to read the full report.
Documents (1) for Global Trading in INR Derivatives and the Indian OTC Derivatives Market
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