RBI releases guidelines for banks to manage foreign currency exposure
RBI has directed banks to assess the unhedged foreign currency exposures of all counterparties to whom they have an exposure in any currency.
RBI has directed banks to assess the unhedged foreign currency exposures of all counterparties to whom they have an exposure in any currency.
A potential tiff between regulators, policy restrictions, and likely legal hassles have delayed the proposed launch of foreign currency accounts by a slew of banks.
Indian HNIs, foreign nationals will be allowed to open foreign currency accounts in any convertible currency in Gujarat's GIFT City from January 1.
The government has devised a three-pronged strategy to bring down its crude oil import bill and achieve energy security.