Latest Offshore Derivatives Markets News & Updates

Indian Rupee Records Largest Single-Day Gain in Over 12 Years

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New Delhi, April 2 (IANS) The Indian rupee posted its biggest single-day gain in more than 12 years on Thursday as authorities intensified their crackdown on currency speculation by extending curbs to offshore derivatives markets, days after tightening limits on banks’ local positions.The currency strengthened as much as 1.7 per cent to 93.25 against the dollar — its sharpest rise since September 2013 — as trading resumed after a three-day holiday break.The rally came despite broad weakness ac…