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RBI likely to bring back ‘exotic currency derivatives,’ says report

Updated : March 28, 2019 09:54 AM IST

The decision to lift the ban comes a decade after the product left a trail of destruction in 2007-08 when bets by corporates backfired following the surge in the value of euro, Yen and Swiss franc, the report said.
Top RBI officials have held multiple meetings with bankers to discuss ways to allow these products along with safeguards, the report said.
RBI likely to bring back ‘exotic currency derivatives,’ says report

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