The central bank barred authorised dealers (banks) from offering non-deliverable forward (NDF) contracts in the rupee to both ...

RBI caps banks’ net open rupee positions at $100 million, sending Nifty Bank Index down 3.82% and Union Bank falling 6.43%.

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

The RBI has tightened forex exposure norms for banks, capping net open positions at USD 100m. A Jefferies report warns this could cause near-term earnings pressure and MTM losses, though regulatory ...

Banks often take positions in dollars to make profits from price differences across markets. The RBI has now put a strict ...

CBK data shows income from foreign exchange trading had nearly doubled to Sh74.34 billion in the financial year ended ...

Forex traders have attributed the recent decline in Nigeria’s external reserves to increased government spending and foreign exchange pressures linked ...

The RBI’s decision to cap banks’ net open rupee positions at $100 million a day could give a temporary relief to bearish sentiments in rupee, but the Indian cur ...

The Reserve Bank of India’s recent currency market curbs aimed at quelling speculation against the rupee are temporary and ...

Indian banks are urging the Reserve Bank of India (RBI) to reconsider its new $100 million cap on net open foreign-exchange ...

At present, the country's total foreign exchange reserve stands at approximately $34.35 billion, which serves as a strong safeguard for conducting international trade.