India’s RBI Clarifies Scope of Forex Curbs After Market Swings

India’s central bank said its recent derivative restrictions will only apply to deals for hedging forex risk and not for market-making, providing a clarification after sharp swings in currency forward markets.

India’s central bank said its recent derivative restrictions will only apply to deals for hedging forex risk and not for market-making, providing a clarification after sharp swings in currency forward markets.