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RBI Tightens Forex Derivative Rules, Cuts Exposure Limit To $5 Million, Introduces 20% Risk Reserve

RBI Tightens Forex Derivative Rules, Cuts Exposure Limit To $5 Million, Introduces 20% Risk Reserve
Photo: Free Press Journal · view original

The Reserve Bank of India (RBI) on Oct 10 announced stricter regulations for foreign exchange derivatives, restricting the rebooking of cancelled rupee-linked contracts and lowering transaction limits for certain positions taken without establishing underlying exposure. The central bank said the...

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