RBI allows importers to book forward forex contracts up to 50 pct of eligible limit

MUMBAI (Reuters) - The Reserve Bank of India (RBI) on Tuesday allowed importers to book forward forex contracts up to 50 percent of the eligible limit in an effort to facilitate greater hedging flexibility.

The permitted limit so far has been 25 percent, the RBI said in a statement.

(Reporting by Nandita Bose; Editing by Subhranshu Sahu)