Banks seek RBI relief, clarity on India's latest rupee-defence measures: Report

India's central bank widens ambit of forex risk reserve requirement ...

Banks seek RBI relief, clarity on India's latest rupee-defence measures

Banks urge RBI to replace 20% cash deposit for hedges with flat fee; seek higher minimum deposits amid rupee volatility

Banks seek RBI relief, clarity on India's latest rupee-defence measures: Report

Banks have approached the Reserve Bank of India to request changes to the 20% cash deposit mandate. They propose that a flat charge replaces the deposit requirement for current-account hedging. This change could improve liquidity while ensuring cost transparency for businesses. Lenders also highlighted concerns over the $2 million threshold, which complicates hedge tracking. Clarity is needed regarding the deposit requirement for hedges related …

Banks ask RBI to drop 20% forex reserve mandate - OrissaPOST

Mumbai: Banks have urged the Reserve Bank of India to ease one of the key measures the regulator announced over the weekend to support the rupee and scrap the threshold above which the rule comes into effect, four sources familiar with the discussions said. Lenders have approached the central bank through a forex industry body, […]