RBI proposes easing forex transaction norms
Rediff·2026-02-17 18:06
Authorised banks and standalone primary dealers access the foreign exchange market for market making, balance sheet management and hedging of risks.Photograph: Francis Mascarenhas/ReutersKey PointsAn authorised dealer may also undertake transactions on ETPs outside IndiaThey can borrow and lend in foreign currencyAuthorised dealer may undertake NDDCsThe Reserve Bank on Tuesday proposed greater flexibility to authorised persons to undertake foreign exchange transactions for hedging their exposures, balance s ...