Tag: ndf
Posted in Economy
ndf: RBI says banks can offer NDF contracts to resident Indians for hedging
Reserve Bank of India has issued rules allowing banks to offer non-deliverable forward contracts involving the rupee to resident Indians. These contracts can be issued…
Posted in Economy
India forex news: India’s forex reserves decline by $8.31 billion, biggest weekly fall in over 11 months
India‘s foreign exchange reserves declined by $8.31 billion to $566.94 billion in the week ending on February 10, according to the Reserve Bank of India‘s…