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A file picture of the RBI office in New Delhi.
A file picture of the RBI office in New Delhi.

RBI eases rules to re-enter foreign currency-rupee swaps

It would provide flexibility to eligible domestic individuals to hedge exchange rate or interest rate risk exposure

Mumbai: The Reserve Bank of India (RBI) allowed domestic investors to re-enter into a foreign currency-rupee swap deal if the underlying exposure of the original swap contract remained valid after the contract’s expiration.

The RBI also said the relaxation would provide flexibility to eligible domestic individuals who enter into foreign currency-rupee swap contracts to hedge exchange rate or interest rate risk exposure.

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