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RBI allows banks to offer foreign exchange quotes to users at all times

The central bank has accepted the recommendation

BS Reporter 

Shaktikanta Das, RBI, Reserve Bank of India
Reserve Bank of India (RBI) Governor Shaktikanta Das during RBI's bi-monthly monetary policy review meeting, in Mumbai, Thursday, Dec. 5, 2019.

The (RBI) on Monday allowed to offer quotes to users at all times, out of their Indian books, either by a domestic sales team or through their overseas branches.

This was recommended by the Usha Thorat committee on bringing offshore derivatives trading onshore to India. The central bank has accepted the recommendation.

First Published: Tue, January 07 2020. 02:10 IST