RBI allows forward contract in all transactions

Jan 13 2014, 22:13 IST
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The forward contracts booked by these investors may, however, be rolled over on or before maturity. Reuters The forward contracts booked by these investors may, however, be rolled over on or before maturity. Reuters
SummaryRBI allowed forward contracts in all current and capital account transactions.

to a record low of 68.85 to the dollar in late August but has recovered after the central bank took steps to bolster forex reserves, including raising $34 billion through two concessional swap facilities.

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