BusinessPhoto: NDTVRupee Tops Asia Gains After RBI Limits Offshore Dollar Derivatives
The Indian Rupee became Asia's top gainer after the Reserve Bank of India (RBI) imposed tighter restrictions on US dollar-linked derivatives. RBI stated that banks with units in the International Financial Services Centre (IFSC) can only offer offshore rupee-linked derivatives to non-residents for hedging purposes, aiming to regulate currency exposure.
NDTV·



