Monday, March 17, 2025 | 01:41 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

RBI relaxes foreign investment norms for exchange-traded FX derivatives

Image

Reuters MUMBAI

MUMBAI (Reuters) - The Reserve Bank of India (RBI) relaxed rules for foreign investors in exchange-traded currency derivatives by increasing the trading limits allowed without an underlying exposure for the USD/INR pair to $15 million per exchange from $10 million earlier.

The RBI also said that foreign portfolio investors can take long or short positions of up to $5 million in Euro/INR, GBP/INR, JPY/INR pairs in exchange traded derivatives.

The central bank also permitted importers to hedge up to 100 percent of their eligible limit in the exchange-traded market compared with 50 percent earlier.

For the link, see: http://bit.ly/19Fcd5R

(Reporting by Suvashree Dey Choudhury and Sumeet Chatterjee; Editing by Rafael Nam)

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 31 2015 | 9:08 PM IST

Explore News