MNC banks resist RBI plan to access offshore deal data

MNC banks resist RBI plan to access offshore deal data

The Reserve Bank of India wants details on overseas rupee derivative trades. Foreign banks operating in India are resisting this move. They cite difficulties in accessing offshore deal information and jurisdictional concerns. The RBI aims for better market vi…

Mumbai: Hedge funds, MNCs and large Indian corporate arms frequently bet on the rupee and rupee interest rates in overseas markets. Sometimes to cover the risks from fluctuations in the rupee-dollar … [+4440 chars]

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MNC banks resist RBI plan to access offshore deal data - FHMnews