RBI tightens forex derivatives framework for orderly market functioning
RBI announced restrictive measures for foreign-exchange derivatives contracts and opened a special window to meet daily dollar requirements of three public sector OMCs.
The Reserve Bank of India (RBI) on Saturday announced a set of restrictive measures for foreign exchange (forex) derivatives contracts, while also opening a special window to meet the full daily dollar requirements of three public sector oil marketing companies (OMCs) in view…