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INDIA TO TAKE ON OFFSHORE CURRENCY MARKETS AMID CORONAVIRUS

Published On 08 May 2020 07:41 AM

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Highlights:

Reserve Bank of India (RBI) has allowed local banks to participate in the offshore market from June 1, 2020.
Two exchanges- India international exchange Ltd. (IFSC) and NSE IFSC Ltd. will begin trading of foreign exchange settled rupee derivatives.
The Indian rupee has been one of the worst-performing Asian currencies in the past month.

India is taking the f....

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Tags : Currency markets, offshore, RBI, coronavirus, pandemic,

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