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FPIs Allowed To Hedge Currency Risk

Published on Thu, Sep 11,2014 | 17:59, Updated at Thu, Sep 11 at 17:59Source : 

In the 1st Bi-monthly Monetary Policy Statement on April 1, 2014, the Reserve Bank of India (‘RBI’) had proposed to allow foreign investors to hedge their currency risk on interest income from debt investments.  Subsequently, whilst reiterating its commitment to improve the depth and liquidity in the domestic foreign exchange market, the RBI in its 2nd Bi-monthly Monetary Policy Statement on June 3, 2014 had indicated that it will allow FPIs to participate in the domestic foreign exchange currency derivatives market to the extent of their underlying exposure plus an additional US$ 10 million. For more please read the attached report by BMR Advisors.

Disclaimer: The information/opinions expressed in this report/newsletter are those of the author. This website has not verified the accuracy of the claims made in the report/newsletter, nor does it agree or disagree with, or endorse any information/opinions contained therein.

Attachments : BMR_Buzz_Fin_Ser_Vol_9_Issue_9-1.pdf

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