RBI tightens forex derivative rules: What changes for hedging, cancelled trades
The RBI has tightened rules for rupee-linked foreign exchange derivatives, restricting the rebooking of cancelled contracts and cutting the threshold for transactions without establishing underlying exposure to $5 million from $100 million.
It has also mandated additional checks for hedging activities and introduced a 20% cash reserve requirement for certain transactions.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
