Currency pair: GK, General Studies and Current Affairs

RBI raises currency derivative trade limit to how much amount for residents and foreign portfolio investors

The 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 the Indian rupee. The RBI’s decision to raise the limit will help entities engaged in forex transactions to maintain their currency risks in ..