RBI tightens rules on rupee non-deliverable contracts, widens 20% cash reserve requirement
The Reserve Bank of India on Monday tightened rules on rupee non-deliverable derivative contracts, limiting overseas clients to using them only for hedging, and widened a 20% cash reserve requirement to banks' own rupee currency hedges.
We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.
