📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      Which bank has executed its first non-deliverable forex

      derivative transaction with Reliance Industries, after the Reserve Bank of India allowed such transactions for resident Indians?
      A DBS Bank India Correct Answer Incorrect Answer
      B HSBC India Correct Answer Incorrect Answer
      C Deutsche Bank Correct Answer Incorrect Answer
      D Citi Bank Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      HSBC India has executed its first non-deliverable forex derivative transaction with Reliance Industries, after the Reserve Bank of India allowed such transactions for resident Indians.  The RBI‘s decision to allow banks to offer non-deliverable foreign exchange derivative contracts involving Indian rupee to resident entities is expected to align the rupee hedging curves in onshore and offshore markets.

      Practice Next
      ask-question