New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    RBI recently raised currency derivative trading limit

    to:
    A $ 30 mn Correct Answer Incorrect Answer
    B $ 50 mn Correct Answer Incorrect Answer
    C $ 75 mn Correct Answer Incorrect Answer
    D $ 100 mn Correct Answer Incorrect Answer
    E $ 125 mn Correct Answer Incorrect Answer

    Solution

    Ans- D, The Reserve Bank of India has raised the limit under exchange traded currency derivatives (ETCD) trading for residents and foreign portfolio investors (FPIs) to $100 million across all currency pairs involving the Indian rupee.

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