Question
In the RBI’s circular on hedging foreign exchange
risk, what is the maximum notional amount for derivative contracts involving INR without requiring underlying exposure?Solution
As per the circular on "Risk Management and Inter-Bank Dealings," derivative contracts involving INR can go up to USD 100 million without needing underlying exposure.
Who received the '12th Vishwa Hindi Samman' recently?
Which component is included in the PM-MKSSY to support fishermen?
Who is appointed as the chairman of the Insurance Regulatory and Development Authority of India (IRDAI)?
On 13 January 2022, Indian Bank inked Landmark MoU for Loans upto _____ Crore for Startups under ‘IndSpring Board’ Scheme.
SoftBank’s investment firm SVF Growth Singapore offloaded its remaining 93.57 million shares (1.07 per cent equity) in food delivery major Zomato to...
Which date will be celebrated as National Space Day?
As of August 2024, what percentage of PMJDY accounts are held by women?
RBI has extended the deadline for non-banking financial companies (NBFCs) to comply with new Non-Performing Assets (NPAs) classification norms to Septem...
What is the purpose of constituting a Unit Holder Protection Committee (UHPC) as per the circular issued by SEBI to protect unitholders’ interests ?
Which statutory return RBI prescribes for SLR under section 24 of Banking Regulation Act ?
Relevant for Exams:
