FX VOICE: How India can save the rupee
Aug 4, 2013
RBI delivers hedging limit gift for importers
Hedging restrictions have been lifted for India’s importers, sparking an overall easing of red tape for the country’s corporates, and facilitated by a stable rupee, experts believe.
India’s central bank announced on May 27 it was raising the ceiling on which importers can hedge their rupee exposure without providing documentation from 25% to 50% of a calculated eligible limit.
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