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 activiti
The Bharath News1 min readSource: ET Markets
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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.
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