RBI reiterates need for underlying forex exposure for rupee derivatives transactions
The reiteration comes after the central bank observed misuse of its 2014 directive, which allowed users of currency derivatives to hold positions up to $10 million without having to provide evidence on the underlying exposure
DNA News Desk
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The reiteration comes after the central bank observed misuse of its 2014 directive, which allowed users of currency derivatives to hold positions up to $10 million without having to provide evidence on the underlying exposure
