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RBI Issues New Rules For Banks To Manage Forex Exposure

RBI has asked commercial banks to asses foreign currency exposures of all counterparties that they have exposure to.

Jaspreet Kalra

U.S. dollar bill. (Photo: Vladimir Solomianyi /Unsplash)

The Reserve Bank of India has asked commercial banks to assess foreign currency exposures of all counterparties that they have exposure to on an annual basis to strengthen systemic stability against forex volatility.

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Jaspreet Kalra
Jaspreet covers banking and finance for BQ Prime. He is a graduate of St. S... more
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Trade Setup For Aug 21: Nifty Likely To Continue Winning Streak, Resistance At 25,100

  • chevron-double-right NSE Nifty 50 gained for the fifth straight session, ending at 25,050.55 points
  • chevron-double-right Resistance for Nifty is near 25,100, with immediate support at 25,000 levels
  • chevron-double-right Bank Nifty shows consolidation with support at 54,800-55,000 and resistance at 56,000-56,300
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