RBI urges companies to hedge FX exposure
India's central bank seeks to shield the rupee, Asia best performing currency, from global financial seismic shifts
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Mumbai
INDIA'S central bank is making extra efforts to spur the country's corporates to more actively hedge their foreign exchange exposure, in order to fortify the country's defences against any risk of currency turmoil.
The efforts reflect the Reserve Bank of India's fear of being held hostage to global developments, especially as the US Federal Reserve is widely expected to start raising interest rates this year, which could spark potential selling in emerging markets.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
