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CANCELLED FOREX CONTRACTS
RBI tightens forex derivative rules: What changes for hedging, cancelled tradesThe RBI has tightened rules for rupee-linked foreign exchange derivatives, restricting the rebooking of cancelled contracts and cutting the...
RBI moves to support rupee at 96.78, cracks down on forex derivativesThe Reserve Bank of India introduced new measures to address the pressure on the rupee. These measures include tightening foreign exchange ...
RBI allows NDF contracts to clients, rebooking of related party tradesThe Reserve Bank of India has made a pivotal move by retracting its earlier April 1 directive, which had restricted banks from offering non...
Banks seek RBI clarity on forex hedge curbs, warn rules may hit genuine trade flows amid delaysBanks are urging the Reserve Bank of India for clarity on forward contract rules. Recent RBI directives aimed at curbing speculation could ...
RBI's forex war explained: How a $149 billion crackdown is stopping speculators from tanking the rupeeThe RBI has tightened forex derivative rules after its initial intervention backfired, allowing arbitrage trades to weaken the rupee furthe...
Textile companies seek bailout to cover forex hedgingIf an exporter booked a contract at 72 and in the absence of dollars delivery in March when the rate is 76, he may have to book a loss at 7...
Traders sign smaller contracts as Rupee fallsExporters who have not booked forex in advance will benefit the most
RBI buying dollars in spot market & selling it in forward market to stabilise rupeeA research paper by RBI staff has found a connection between the spot and forward market, and the overseas NDF market.
- RBI's move to ease restrictions on the forex market will hedge risks
The RBI's move to ease some of the restrictions it had placed on the foreign exchange market depicts that the bank is less worried on the f...
- RBI relaxes norms on forex exchange earning retention
The latest decision will help exporters and corporates save conversion fee and enable them to hedge against volatility in forex market.
- Banks cut proprietary trades in forex as volatility mounts
Banks square off forex positions to avoid any risk.
- Wockhardt may take forex issue to court
Wockhardt is talking tough with banks that have unilaterally terminated their forex contracts with the company ahead of schedule.
- Ranbaxy may have to take loans to cover forex losses
Ranbaxy Laboratories, India’s largest pharma company by sales, may have to raise loans if cash outflow from additional forex loss continues...
- Ranbaxy may have to raise more debt to settle forex loss
India’s largest pharma company by sales Ranbaxy Laboratories’ may have to raise loans if cash outflow from additional forex loss continues ...
- Forex loss of 30 cos widens to Rs 3.7k cr in Q3
TCS reported a forex loss of Rs 251 crore for the December quarter & Ranbaxy has reported a record forex loss of Rs 953 crore for the quart...
- Forex trading rules eased for SMEs
In a move that will help the SME segment hedge their foreign exchange risk in a better way, the RBI has allowed them to buy and sell dollar...
- Debt to get the FII touch
After holding out for long in terms of relatively conservative limits on investment by foreign institutional investors (FIIs) in the local ...
- Rupee firms up against dollar in high volatility
In highly volatile trade, the rupee on Thursday recovered sharply after resuming weak against the US currency, influenced by cancellation o...
- Forward March: More scope for importers in forex market
Domestic importers and individuals will now be at par with exporters in terms of flexibility in the foreign exchange market.
- Forward cover for exim trade hiked to 100%
The RBI has relaxed norms relating to booking of forward contracts and allowed exporters and importers to book forward contracts up to 100%...