scorecardresearchRBI amends rules for banks to manage foreign currency exposure

RBI amends rules for banks to manage foreign currency exposure

Updated: 12 Oct 2022, 11:40 AM IST
TL;DR.
The banking regulator said the commercial banks need to assess the foreign currency exposure of all entities, at least once in a year
The rupee has shed nearly 11 per cent against the dollar so far this year and has hit a series of record lows in recent weeks.

The rupee has shed nearly 11 per cent against the dollar so far this year and has hit a series of record lows in recent weeks.