India's central bank set to bar exotic derivatives

News

The Reserve Bank of India (RBI), the country's central bank, may be set to bar banks from selling exotic foreign exchange derivatives to corporates in the country over concerns of potential misselling to small and medium-sized enterprises (SMEs).

The RBI has not made any policy changes in the public domain and a spokesperson for the central bank only says the regulator is looking at issuing regulatory changes, but had not announced any as of the end of February.

Local press reports in early Februa

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