As per sources of the RBI, the central bank has not made any changes to its perception of exchange-traded currency derivatives involving the Indian rupee.
In January this year, the central bank mentioned that the stock exchange would allow forex derivatives (INR) for hedging of exposure from 5th April 2024.
There is no circular that the RBI has demanded details from brokerage houses for underlying forex exposure for their clients.
This news is in light as many brokerage houses have asked their clients to submit proof for exposure.
However, it is a violation as the RBI has not requested any such documents as proof.
Swipe up to Open Demat Account