Tag: foreign exchange derivative contracts
Posted in Economy
RBI clarifies interbank trades, ECBs coupons not part of FERR
Mumbai: Reserve Bank of India (RBI) has clarified that the new foreign exchange risk reserve (FERR) will be not be applicable for banks undertaking trades…
Posted in Economy
RBI’s rupee defence may drain banking liquidity, ease currency pressure
Mumbai, The Reserve Bank of India’s (RBI) measures to curb rupee volatility could ease near-term depreciation pressure and help withdraw surplus liquidity from the banking…