But with this will come the exposure to the volatility of Indian Rupee  4  “Musings on the FEDAI, the forex market and the Indian Rupee” address by Shri Harun R. Khan, Deputy Governor of the Reserve Bank of India, at the 7th Annual Conference of the Foreign Exchange Dealers Association of India (FEDAI), Zurich, 5 April 2012.
BIS central bankers’ speeches  7  and the need for hedging the risk. The NDF market came into existence to address this need and, no wonder, continues to thrive.