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RBI clarifies interbank trades, ECBs coupons not part of FERR

viaeconomictimes.indiatimes.com15 Oct
RBI clarifies interbank trades, ECBs coupons not part of FERR
Reserve Bank of India recently clarified the applicability of foreign exchange risk reserve for banks. The requirement does not apply to banks engaging in market-making or proprietary trading. It will also not affect interest on External Commercial Borrowings or dividends payable to non-resident…

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