India Central Bank Broadens Forex Reserve Requirement, Tightens NDF Rules
The Reserve Bank of India expanded a cash deposit requirement for FX hedges to include all such transactions by authorised banks, including hedges of their own assets and liabilities.
The Reserve Bank of India on Monday expanded a recently introduced cash-deposit requirement for FX hedges to cover all such transactions conducted by authorised banks, including hedges of their own assets and liabilities. The move is the latest in a series of measures announced by the…