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Measures aim to ease spot-market pressure and curb currency volatility
The Reserve Bank of India issued clarifications on its recent measures to support the rupee. This followed concerns about tighter hedging rules and cash margins on certain derivatives. Several lenders have held back on quoting dollar-rupee forwards due to confusion regarding transaction requirements. The measures…
Over the past few months, we have observed a very high proportion of trades being cancelled and rebooked on the same day: Governor Sanjay Malhotra