Mumbai, April 22 -- The Reserve Bank of India (RBI) rolled back restrictions on offshore non-deliverable forward (NDF) trading as the volatility in the rupee market eased, Deputy Governor T Rabi Sankar said on Wednesday, stressing that the measures were temporary and aimed at managing excessive market fluctuations.

Speaking to the media on the sidelines of the 25th year celebration of Clearing Corporation of India Limited, Sankar said the earlier restrictions were introduced due to heightened volatility and were not linked to the direction of the rupee.

"All that was done was to deal with a temporary event that created a large volatility in the market. Once that is taken care of, we should be back on track with what we do. Our idea is t...