Collector
RBI exempts bank swap deals from net unhedged FX exposure norm | Collector
RBI exempts bank swap deals from net unhedged FX exposure norm
Economic Times

RBI exempts bank swap deals from net unhedged FX exposure norm

Banks will benefit from new Reserve Bank of India rules. Swap deals for foreign currency funds will not count towards their overnight foreign currency market position. This change aims to help banks raise foreign currency more easily. The RBI had previously set a limit to control market volatility. This move is expected to provide relief and encourage foreign currency inflows.

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