You are using an older browser version. Please use a supported version for the best MSN experience.

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

LiveMint logoLiveMint 27-05-2014 Nandita Bose

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

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

More From LiveMint

image beaconimage beaconimage beacon