Market risk Current Affairs, GK & News
Usha Thorat heads RBI task force on Offshore Rupee Markets
The RBI task force on Offshore Rupee Markets (ORM), headed by Usha Thorat, has suggested liberal currency market for offshore users. The panel recommended that onshore market hours may be suitably extended to match the flexibility provided by the offshore markets (or NDF markets). This is aimed at incentivizing non-residents to hedge in the onshore ..
Topics: Corporate tax avoidance • Currency • Currency symbols • Economy • Finance • Foreign exchange market • Indian rupee • International Financial Services Centre • Market risk • Rupee • Special economic zones • Tax avoidance
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 ..
Topics: Currency pair • Derivative • Economy • Finance • Financial law • Financial markets • Foreign exchange market • Foreign exchange risk • Hedge • Indian rupee • Market risk • Rupee
RBI extends flexibility on FX forward contracts
The RBI has extended the relaxation of cancelling and re-booking of forward contracts with tenures of more than 1 year, for companies and exporters to hedge their FOREX transactions.
Month: Current Affairs - July, 2012
Topics: Foreign exchange market • Hedge • Market risk