Home » hedging rules

Tag: hedging rules

Post
RBI tightens hedging rules for overseas investors
August 5, 2013August 5, 2013by In Infrastructure Finance

RBI tightens hedging rules for overseas investors

The Reserve Bank of India on August 1 tightened hedging rules for foreign institutional investors in the currency market, requiring investors who have issued so-called participatory note contracts, or P-notes, to gain approval from the note-holder before hedging. The order was the latest in a series of measures intended to shore up a battered rupee and helped push the currency higher to 60.48 per dollar. The rupee, which has been the worst performing currency in emerging Asia so far in 2013, is