RBI's stance on underlying exposure for FX derivatives unchanged: Report
Wed, Apr 3, 2024 12:15 PM

RBI's stance on underlying exposure for FX derivatives unchanged: Report

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RBI has not materially changed stance on exchange-traded rupee derivatives and neither has it asked brokerages for proof of their clients' underlying forex exposure, two sources aware of the central bank's thinking said. The RBI had said in January that effective April 5, exchanges may offer forex derivative contracts involving the rupee to users "for the purpose of hedging contracted exposure".

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