Currency Market Current Affairs, GK & News
An Internal Working Group of Reserve Bank of India (RBI) on Comprehensive Review of Market Timings has suggested calibrated extension of Currency Market (Foreign Exchange Market) hours, from 9 am to 9 pm for both Over the Counter (OTC) and Exchange Traded. At present the markets close at 5 pm. Key Highlights of Draft Report ..
Month: Current Affairs - July, 2019
Category: Economy & Banking Current Affairs
Topics: Comprehensive Review of Market Timings • Currency Market • Exchange Traded Derivatives • Foreign Exchange Market Hours • G-Sec Trading • Over the Counter • RBI's Internal Working Group • Real Time Gross Settlement
Reserve Bank of India (RBI) has raised exposure limit under exchange traded currency derivatives (ETCD) trading for residents and foreign portfolio investors (FPIs) to $100 million across all currency pairs involving Indian rupee. This decision aims to help entities engaged in forex transactions to maintain their currency risks in better manner. Earlier, the limit was ..