Investors are reportedly leaning towards Singapore after the Indian authorities imposed restrictions on the domestic currency futures, media reports said.
According to a report by Reuters, traders noted that the jump in open interest on Indian Rupee and American Dollar futures on the Singapore Exchange reflected the shift from investors towards the city-state.
The report said that investors are moving their hedging and arbitrage activity to Singapore due to the restrictions imposed by the Reserve Bank of India. Notably, the banking regulator has been trying to hike the volume of rupee derivatives traded in the local…
