India simplifies hedging rules for SMEs
The Reserve Bank of India has released futher guidelines around hedging, this time simplifying hedges under US$30 million in a move to improve access for SMEs.
The Reserve Bank of India has released draft guidelines intended to simplify hedging facilities. The guidelines apply to foreign exchange exposure up to $30 million – a sign the central bank is keen to support small and medium-sized enterprises with exposure to the rupee.
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