Sunday, February 01, 2015, Mumbai: The Reserve Bank of India is
contemplating to introduce newer derivative products to insulate
investors from volatility of the forex market.
We are committed to the idea that the range of derivative products should be wide enough so that market participants are free to choose them according to their risk management strategy in a cost effective manner, Harun R Khan, Deputy Governor, Reserve Bank of India said.
In a globalised economy, aspirations of corporates and increasing openness on the capital accounts, a persistent and sometimes rapidly increasing current account deficit calls for more products to hedge risks. Our stated objective is to maintain orderliness in the foreign exchange market even as the rate is market determined without any target level or band, Mr Khan said.
Read more at Click here / www.trade4x.net
We are committed to the idea that the range of derivative products should be wide enough so that market participants are free to choose them according to their risk management strategy in a cost effective manner, Harun R Khan, Deputy Governor, Reserve Bank of India said.
In a globalised economy, aspirations of corporates and increasing openness on the capital accounts, a persistent and sometimes rapidly increasing current account deficit calls for more products to hedge risks. Our stated objective is to maintain orderliness in the foreign exchange market even as the rate is market determined without any target level or band, Mr Khan said.
Read more at Click here / www.trade4x.net
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