RBI Raises Currency Derivative Trade Limit to USD 100 million


The Reserve Bank of India raised the exposure limit under Exchange Traded Currency Derivatives (ETCD) trading for residents and foreign portfolio investors (FPIs) to USD 100 million across all currency pairs involving the Indian rupee.

The RBI’s decision to raise the limit will help entities engaged in forex transactions to maintain their currency risks in a better manner. Earlier, the RBI had imposed a limit of USD 15 million for USD-INR and USD 5 million for other currency pairs of Indian rupee with Euro, Japanese Yen and British Pound.

Source- Moneycontrol

Static/Current Takeaways Important for Canara Bank PO 2018 Exam-
  • Dr Urjit Patel is the 24th Governor of RBI.
  • RBI Headquarters in Mumbai.