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Reserve Bank of India (RBI) raised the exposure limit under exchange traded currency derivatives (ETCD) for residents and foreign portfolio investors (FPIs) to ________, across all currency pairs?
  • a)
    USD 50 million
  • b)
    USD 75 million
  • c)
    USD 100 million
  • d)
    USD 150 million
  • e)
    USD 200 million
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Reserve Bank of India (RBI) raised the exposure limit under exchange t...
Reserve Bank of India (RBI) raised the exposure limit under exchange traded currency derivatives (ETCD) for residents and foreign portfolio investors (FPIs) to USD 100 million across all currency pairs. As of now, four currency pairs, viz. USD/INR, EUR/INR (Euro), GBP/INR (Great British Pound) and JPY/INR (Japanese Yen) are traded on Indian exchanges. This instrument is primarily used by Indian exporters and importers and foreign portfolio investors (FPIs) to hedge their risk against currency price fluctuations. Earlier exposure limit set by RBI was USD 15 million for USD-INR contracts and USD 5 million for other currency pairs. Increasing exposure limit will help the participants to better manage their risk and will also improve the liquidity in the instrument.
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Reserve Bank of India (RBI) raised the exposure limit under exchange traded currency derivatives (ETCD) for residents and foreign portfolio investors (FPIs) to ________, across all currency pairs? a)USD 50 million b) USD 75 million c) USD 100 million d) USD 150 million e) USD 200 millionCorrect answer is option 'C'. Can you explain this answer?
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Reserve Bank of India (RBI) raised the exposure limit under exchange traded currency derivatives (ETCD) for residents and foreign portfolio investors (FPIs) to ________, across all currency pairs? a)USD 50 million b) USD 75 million c) USD 100 million d) USD 150 million e) USD 200 millionCorrect answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Reserve Bank of India (RBI) raised the exposure limit under exchange traded currency derivatives (ETCD) for residents and foreign portfolio investors (FPIs) to ________, across all currency pairs? a)USD 50 million b) USD 75 million c) USD 100 million d) USD 150 million e) USD 200 millionCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Reserve Bank of India (RBI) raised the exposure limit under exchange traded currency derivatives (ETCD) for residents and foreign portfolio investors (FPIs) to ________, across all currency pairs? a)USD 50 million b) USD 75 million c) USD 100 million d) USD 150 million e) USD 200 millionCorrect answer is option 'C'. Can you explain this answer?.
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