The Reserve Bank on Thursday deferred implementation of its directions on exchange traded currency derivatives (ETCD) linked to rupee by a month to May 3 in view of feedbacks received from stakeholders. A circular issued on January 5 on 'Risk Management and Inter-Bank Dealings -- Hedging of Foreign Exchange Risk' was earlier scheduled to come into effect from Friday (April 5, 2024). In a statement, the Reserve Bank of India (RBI) emphasised that the regulatory framework for ETCDs has remained consistent over the years and that there is no change in the RBIs policy approach.
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