Currency Trading:India Tightens Rules on Trading in Currency Forwards After Rupees Plunges – Bloomberg
Posted on December 16th, 2011 by admin
 The Hindu |
India Tightens Rules on Trading in Currency Forwards After Rupees Plunges
Bloomberg (Source: Bloomberg) India's central bank curbed trading in rupee forwards, seeking to temper speculation after Asia's worst-performing currency fell to a record low. Forward contracts once canceled cannot be bought again, the Reserve Bank of India said … Rupee rallies by 143 paise against dollar in early trade RBI steps in to arrest rupee depreciation Rupee rebounds as new RBI norms check volatility |
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