Question

In the context of RBI’s guidelines on foreign exchange risk management, what is the role of an Authorized Dealer (A

  • D in monitoring users’ positions beyond the USD 100 million exposure limit?
A To approve all foreign exchange transactions
B To impose penalties for over-exposure
C To ensure positions are backed by contracted exposure
D To regulate forward contracts on behalf of the user
E To provide real-time data to the RBI
Practice Next

Hey! Ask a query