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What was the primary focus of the new RBI directive regarding gold hedging?

Q: Answer-What was the primary focus of the new RBI directive regarding gold hedging?

The RBI directive expanding hedging options was primarily aimed at facilitating more efficient risk management for entities dealing with gold price exposure, giving them additional flexibility in hedging strategies.

A To increase gold reserves in banks

B To stabilize the Indian Rupee

C To facilitate more efficient risk management for entities dealing with gold price exposure

D To curb illegal gold trading

E To promote gold as the main form of currency

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What was the primary focus of the new RBI directive regarding gold hedging?

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