The Reserve Bank of India (RBI) has made it easier for Foreign Institutional Investors (FIIs) to invest in the domestic equity and debt markets.
FIIs can now approach any Category I dealer bank, authorised to deal in foreign exchange, for hedging their currency risk on the market value of their entire investment in equity and/or debt.
In a recent speech, Deputy Governor H.R. Khan said that during the current financial year, after depreciating by more than 10 per cent till June 2012, the rupee started recovering gradually in response to major central banks’ decision to go for further policy easing and the announcements of another round of reform measures by the Government.
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