Rupee relief, higher hedging costs: What RBI’s new forex rules mean
Reserve Bank of India has introduced new measures aimed at stabilizing the Indian rupee against the dollar. These changes include tighter restrictions on foreign exchange derivatives and new reserve requirements for banks. Analysts expect these measures to ease rupee depreciation and lower speculative dollar demand temporarily. However, external factors like high crude oil prices may continue…
We haven't written up this one. Times of India has the full story — the link below goes straight to it.
