New FX curbs sow confusion, bankers await clarity on dealing rupee derivatives

What happened: Seven bankers told Reuters they did not plan to quote dollar/rupee forwards after the central bank's directive that the cash-margin requirement applies to all rupee derivative transactions. Key numbers: Seven bankers were cited. Why it matters: Bankers feared the mandate could extend to interbank transactions, but a person familiar with the central bank's thinking said that interpretation was not correct. The central bank did not immediately respond to a request for comment.

New FX curbs create uncertainty as bankers await clarity on rupee derivatives.

New FX curbs create uncertainty as bankers await clarity on rupee derivatives. — impact context not separately stored; see What changed.