India Limits FX Derivatives Usage

The Reserve Bank of India has limited the use of derivatives to hedge against risk to companies with a net worth of Rs 200 crore, reports Business Standard.

The Reserve Bank of India has limited the use of derivatives to hedge against risk to companies with a net worth of Rs 200 crore (USD42.88 million). In February, the central bank had considered a limit half that amount. Click here to read the release.

Click here to read the story from Business Standard