RBI lifts restrictions on rupee trade: Now Forex dealers will be able to take positions in the NDF market; There was a ban in March
The Reserve Bank of India i.e. RBI has withdrawn some restrictions imposed on foreign exchange dealers (Forex Dealers) on April 20 to prevent the volatility of the rupee. Now dealers will be able to take positions again in the offshore non-deliverable forward market (NDF). A few days before RBI took this step, Governor Sanjay Malhotra…