India’s monetary authority stepped up efforts to curb speculation against the battered rupee, restricting lenders from offering certain offshore foreign exchange derivative contracts, just days after it clamped down on banks’ local currency limits.
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India’s Central Bank Tightens Non-Deliverable FX Contract Rules
India’s monetary authority stepped up efforts to curb speculation against the battered rupee, restricting lenders from offering certain offshore foreign exchange derivative contracts, just days after it clamped down on…
