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