Currency Market Current Affairs, GK & News

RBI’s Working Group recommends extension of market hours

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 ..

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RBI raises ETCD trading limit to $100 million

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 ..

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