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India's central bank expands forex risk reserve rules, tightens NDF norms
Original: India's central bank widens ambit of forex risk reserve requirement, tightens NDF rules
The Reserve Bank of India has widened the scope of its foreign exchange risk reserve requirement and tightened rules around non-deliverable forwards. The measures, announced by the central bank, broaden which entities must set aside reserves against forex risk and impose stricter conditions on offshore currency derivative activity. The move is expected to affect banks and corporates managing currency exposure, with market participants watching for implications for rupee trading and hedging.
Why now: The RBI's new regulatory tightening affects banks, corporates and currency markets, prompting attention from financial sector watchers.
Reserve Bank of IndiaIndianon-deliverable forwardsrupee
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