尽管银行在印度央行采取使远期合约成本增加的举措后，开始对这类交易按月收取更高费用，但印度进口商仍在继续锁定未来的美元买入汇率，以防范卢比贬值。
Indian importers continue to lock in future dollar purchase rates to protect against the rupee weakening, despite the banks charging more per month for such trades following the central bank's step to make them more expensive.
印度央行现在要求银行提取相当于其所售美元远期合约名义价值20%的现金准备。由于银行将合规成本转嫁给客户，进口商锁定未来美元买入的每月成本不得不增加11至14派士。
The Reserve Bank of India now requires banks to set aside cash equivalent to 20% of the notional value of the forward dollar contracts they sell. With banks passing the cost of complying on to clients, importers have to pay 11 to 14 paisa per month more to lock in future dollar purchases.
然而，银行对路透社表示，远期美元合约对进口商仍具有吸引力。在印度央行出台一系列支持该货币的措施后，卢比的复苏有助于抵消这些费用。由于未获授权向媒体发言，这些银行人士要求匿名。
However, forward dollar contracts remained attractive for importers. The rupee's recovery, after the Reserve Bank of India set out a series of measures to support the currency, helped offset these charges, bankers told Reuters. They requested anonymity since they were not authorised to speak to the media.
该货币已从上周接近96.70卢比兑1美元的水平走强，于周三回升至94.72卢比兑1美元的高位。
The currency has strengthened to a high of 94.72 rupees per dollar on Wednesday from levels near 96.70 last week.
一家私营部门贷款机构的财务主管表示，这些费用因资金成本而异，并且成本会随着合约期限的延长而上升——这意味着短期合约的额外成本低于长期合约。
The charges vary, depending on the cost of funds, a treasury official at a private-sector lender said, with the cost rising with the length of the contract — meaning, additional costs for near-term contracts are lower than for longer-term ones.
银行表示，因此，对冲活动目前集中在期限最长为3个月的短期远期合约上。
As a result, hedging activity is now concentrated in shorter-term forward contracts of up to three months, bankers said.
总部位于孟买的QuantArt Market Solutions公司董事总经理萨米尔·洛达表示：“对进口商来说，这是买入美元和进行对冲的好机会。方法应该是尽可能进行短期对冲，并使用低成本的期权。”
"For importers this is a good opportunity to buy dollars and hedge. The approach should be to hedge as short-term as possible, and to use low-cost options," said Samir Lodha, managing director at Mumbai-based QuantArt Market Solutions.
他补充说，期权结构的好处可以抵消印度央行新举措导致的对冲额外成本的一部分。
The benefit of option structures can negate part of the extra cost of hedging arising from RBI's new measures, he added.
进口商对美元远期合约的持续需求使印度央行遏制美元需求和支持卢比的努力变得复杂。
The continued appetite for forward dollar contracts among importers complicates the RBI's efforts to curb dollar demand and support the rupee.
该央行的干预刺激了卢比的反弹，这为进口商提供了锁定更优惠汇率的机会，并将他们吸引回远期市场，而这反过来又可能重新燃起印度央行正试图遏制的美元需求。
The central bank's interventions spur rupee rallies, which offer importers an opportunity to lock in more favourable exchange rates and draw them back into the forward market, which in turn could renew the dollar demand that the RBI is seeking to curb.