INR forex, interest rate derivatives surge over decade-long period - ISDA

14th April, 2026

Aravind Bulusu

The New York-based trade body said the Indian rupee (INR) ranked as the 11th most traded currency in the forex derivatives market and 17th most traded currency in the interest rate derivatives (IRD) market in April 2025, according to the Bank of International Settlements (BIS)'s triennial central bank survey.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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