The RBI has tightened forex derivative rules after its initial intervention backfired, allowing arbitrage trades to weaken ...

This measure is only expected to provide temporary relief and the directive has made banks uneasy, as it could result in mark ...

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MUMBAI: Within days of the fiasco at Indusind Bank’s forex derivatives imploding with a Rs 2,000-crore likely hit on its bottom-line, the Reserve Bank (RBI) asked all banks with large forex ...