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Searched Tag: exchange traded currency derivatives

Reserve Bank of India (RBI) Governor Shaktikanta Das has called upon Indian banks to amplify their participation, both domestically and offshore, while exercising prudence.

RBI Governor urges banks to boost rupee derivative participation

April 9, 2024, 12:44 PM - 2 min read

“We continue to see banking channels being used by certain persons or entities to fund activities on unauthorised FX trading platforms. This warrants enhanced vigilance by the banks,” Das said at the FIMMDA-PDAI Annual Conference in Barcelona on Monday.

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The Reserve Bank has decided to postpone the implementation of its directives regarding exchange traded currency derivatives (ETCD) linked to the rupee by one month to May 3, citing feedback from stakeholders.

Reserve Bank delays implementation of ETCD directives to May 3

April 4, 2024, 06:52 PM - 2 min read

Participants with valid underlying contracted exposures can continue to engage in ETCDs involving the INR, up to a limit of USD 100 million, without requiring documentary evidence of the underlying exposure, as before.

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