India could allow foreign currency-rupee options by April
The Reserve Bank of India (RBI) could allow banks to offer foreign currency-rupee options to corporate clients by April, according to a bank official.
The official said there is not yet a firm time-frame for the approval of foreign currency-rupee options, but added that a realistic estimate would be April.
The RBI currently only allows companies to use forwards and long-term currency swaps in order to hedge their risks.
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