India’s central bank eased some restrictions on lenders’ currency market transactions, signaling a partial rollback in some ...

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

A senior Reserve Bank of India official criticized foreign-exchange market makers for their role in aggravating the rupee’s ...

RBI eases offshore forex derivative rules to support hedging, amends related-party clause but keeps $100 million cap on ...

The proposed one-off tax on 2023 foreign exchange (forex) gain by banks may fetch the Federal Government not less than N2trillion, it was learnt at the weekend. President Bola Ahmed Tinubu hinted at ...

The move allows back-to-back hedges across entities, avoids forced unwinding of positions while keeping exposure limit ...

Central bank announcements are among the most significant market-moving events in forex trading. Interest rate decisions, policy statements, and press conferences from institutions such as the Federal ...

(Bloomberg) -- Nigerian President Bola Tinubu plans to slap a one-time 50% tax on windfall profits booked by banks on massive currency gains after the naira was devalued last year. The move, detailed ...

FRANKFURT, Jan 22 (Reuters) - Euro area banks might ‌find it hard to finance ‌themselves on the market, particularly in U.S. dollars and other foreign currencies, if high geopolitical uncertainty ...

New Delhi [India], March 31 (ANI): The Reserve Bank of India's recent move to tighten forex exposure norms for banks could lead to near-term earnings pressure, even as the Street expects some ...