Thursday, April 12, 2012

RBI may consider easing forex trading curbs: Deputy governor

…….The Reserve Bank of India will consider gradually relaxing curbs on intra-day position limits in the forex market that were imposed in December to curb speculative bets on the rupee, a deputy governor said. The central bank will consider such measures "within the overarching prerequisite of facilitating genuine hedging needs of the customers," H.R. Khan said in a speech at a foreign exchange dealers' conference in Zurich, which was put up on the RBI website on Wednesday………
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