ETFs & Mutual Funds

Exchange-Traded FX Derivatives May Be Hit by New RBI Regulation

The Reserve Bank of India.
Photographer: Dhiraj Singh/Bloomberg

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By Subhadip Sircar, Saikat Das, and Ashutosh Joshi

March 30, 2024 at 10:37 AM UTC

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India’s central bank is said to have confirmed that exchange-traded currency derivative contracts linked to the rupee can only be offered for hedging purposes after confusion that unhedged trades were allowed for positions below $100 million.