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RBI asks banks to evaluate risk of unhedged forex of companies
Out of 21 websites, Google India, Facebook India and Yahoo India have approached the high court for quashing of magisterial court's summons to them. Google India has sought discharge from the case saying it was not responsible for postings of "obscene, ob
02 Feb 2012, 10:09 PM IST 
Telenor CEO Jon Fredrik Baksaas
To prevent adverse impact of volatile forex market movement on corporates and their lenders, the Reserve Bank has directed banks to evaluate risks from unhedged foreign currency exposure of companies while extending them credit facilities.
