The Reserve Bank of India eased rules for importers and exporters hedging FX exposures; The People’s Bank of China and the Bank of England signed an agreement to enable renminbi clearing; US SEC steps up confrontations over China audits.
Apr 2, 2014
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Clearing of renminbi in Singapore has begun. The first reported Singapore dollar/renminbi spot trade was completed by Deutsche bank for a client based on the offshore renminbi rate.