RBI constitutes task force under Usha Thorat on offshore rupee markets
Updated : February 28, 2019 07:03 PM IST
The eight-member task force will assess the causes behind the development of the offshore rupee market and study the effects of the offshore markets on the rupee exchange rate and market liquidity in the domestic market.
The Reserve Bank of India (RBI) said it would also recommend measures to address concerns, if any, arising out of offshore rupee trading besides proposing measures to generate incentives for non-residents to access the domestic market.
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