RBI moves to support rupee at 96.78, cracks down on forex derivatives
The Economic Times has reported a new India-focused economy development: “RBI moves to support rupee at 96.78, cracks down on forex derivatives.” The publisher's feed describes the story as follows: The Reserve Bank of India introduced new measures to address the pressure on the rupee. These measures include tightening foreign exchange derivative rules and limiting rebooking of cancelled contracts. Furthermore, a 20% cash reserve requirement has been established for large forex derivatives tran
Intellectual Janata displays only original summaries of externally sourced news and links readers to the original publisher.



