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Search for a tag
Regulation
Indian regulator finds abnormal FX trading
2012-01-16T13:23:15.000+02:00
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Regulation
RBI wary of Foreigners playing with Rupee
2012-01-12T10:20:40.000+02:00
India’s central bank has warned foreign banks trading in the Indian Rupee and causing market turmoil as the rupee hits new lows amid foreign banks speculative trading. The rupee has depreciated in the BRIC nation as inflation and interest rates are hurting the economy.
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RBI restricts INR Forwards
2011-12-18T03:28:20.000+02:00
India's central bank has put restrictions on Indian Rupee Forward contracts after the rupee has plunged in to record lows against the greenback. RBI has tried to allow free market mechanics govern the market in tis bid to reduce capital controls. The RBI found that the rupee was being misused by exporters who were booking forwards then cancelling and booking them at a better exchange rate.
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