RBI Activates Rupee Defence Measures, Nomura Says
Nomura says the RBI has restricted foreign-exchange derivatives, created a foreign-exchange risk reserve and opened a special dollar window for oil marketing companies as pressure on the rupee persists.
The Reserve Bank of India (RBI) has activated its second line of currency defence through restrictions on foreign exchange derivatives, a new foreign exchange risk reserve and a special dollar window for oil marketing companies, Nomura said, as pressure on the rupee persists amid falling forex rese…