Economics · Economy
Consider the following statements regarding the regulatory framework for Non-Deliverable Forward (NDF) contracts and forex derivatives in India: 1. Banks are permitted to offer NDF contracts to resident non-retail clients for hedging foreign exchange risks. 2. To ensure market liquidity, the RBI has lifted all prohibitions on banks undertaking forex derivative transactions with related parties without oversight. 3. The cap on net open positions in the onshore deliverable market has been completely abolished for all market participants. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 2 only
- 21 only✓
- 32 and 3 only
- 41 and 3 only
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1 only
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