RBI revises forex derivative rules, including FERR and contract limits
RBI announced regulatory measures for the foreign exchange market, including restrictions on rebooking cancelled FX derivative contracts, lower transaction thresholds, and the introduction of a Foreign Exchange Risk Reserve (FERR).
The Reserve Bank of India (RBI) on October 10 announced regulatory measures for the foreign exchange market, including tighter rules on rebooking cancelled foreign exchange derivative contracts, lower transaction thresholds and the introduction of a Foreign Exchange Risk Reserve (FERR).