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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