RBI tightens forex rules to support rupee
RBI restricted the rebooking of cancelled rupee-linked derivative contracts and introduced a Foreign Exchange Risk Reserve, alongside other measures to support the rupee, which is trading close to its all-time low.
The central bank has restricted the rebooking of cancelled rupee-linked derivative contracts and introduced a Foreign Exchange Risk ReserveThe Reserve Bank of India (RBI) has announced a series of measures to support the rupee, which is trading close to its all-time low, including a special window…