India's Central Bank Tightens Non-Deliverable FX Contract Rules
Banks can, however, offer deliverable foreign exchange contracts for users to meet their hedging needs as long as they do not enter into overseas positions to offset those transactions, the RBI said.
Banks can, however, offer deliverable foreign exchange contracts for users to meet their hedging needs as long as they do not enter into overseas positions to offset those transactions, the RBI said.
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