Economic TimesLean R·
RBI tightens forex derivative rules: What changes for hedging, cancelled trades
The Reserve Bank of India (RBI) has tightened rules for foreign exchange derivative transactions involving the Indian rupee. The changes restrict the rebooking of cancelled contracts, lower the limit for transactions without underlying exposure and introduce additional checks for hedging activities.Under the new measures, authorised dealers will not be permitted to allow users to rebook any foreign exchange derivative contract involving the rupee, whether deliverable or non-deliverable, if it w…
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