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