RBI tightens forex derivative rules: What changes for hedging, cancelled trades – FinSiddhi

RBI tightens forex derivative rules: What changes for hedging, cancelled trades

The RBI has tightened rules for rupee-linked foreign exchange derivatives, restricting the rebooking of cancelled contracts and cutting the threshold for transactions without establishing underlying exposure to $5 million from $100 million. It has also mandated additional checks for hedging activities and introduced a 20% cash reserve requirement for certain transactions.
Read more at The Economic Times

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