Banks can offer NDF contracts to resident Indians for hedging: RBI - Dr-Buzz4U

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Banks can offer NDF contracts to resident Indians for hedging: RBI

June 06, 2023

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Banks can offer NDF contracts to resident Indians for hedging: RBI



MUMBAI (Reuters) – India’s central bank has issued rules allowing banks to offer non-deliverable forward contracts involving the rupee to resident Indians. These contracts can be issued to non-retail residents for hedging purposes and settled in Indian rupees, the Reserve Bank of India said in a notification. For contracts with a person [...]

Banks can offer NDF contracts to resident Indians for hedging: RBI Rating: 4.5 Diposkan Oleh: Dr-tech

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