Wednesday, October 12, 2022

RBI asks banks to stop building positions in offshore market, say bankers

The RBI's informal communication to local bankers is a step back from the directions it issued in June 2020, when it allowed banks operating from the International Financial Services Centre Banking Units to trade in the NDF segment.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-asks-banks-to-stop-building-positions-in-offshore-market-say-bankers/articleshow/94822874.cms

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