RBI Expands Forex Risk Reserve Requirement and Tightens NDF Rules
The Reserve Bank of India extended a cash deposit requirement for FX hedges to all such transactions by authorised banks, including hedges of their own assets and liabilities.
On Monday, the Reserve Bank of India expanded a recently introduced cash deposit requirement for foreign-exchange hedges. It now applies to all such transactions by authorised banks, including hedges of their own assets and liabilities. The move is the latest in a series of measures announced by the…