For Quick Alerts
For Daily Alerts

RBI decides to intervene in currency future derivatives

By Religare

Ahead of the US Federal Reserve's two-day policy meet next week in which the world's top central bank is set to lift interest rates for the first time in almost a decade, the Reserve Bank of India has decided to intervene in the domestic foreign exchange market as and when required in order to manage excessive volatility and to maintain orderly conditions in the market.

"As a further measure it has been decided to intervene in the Exchange Traded Currency Derivatives (ETCD) segment, if required," RBI said in a notification.


The data for the ETCD intervention will be published in the RBI monthly Bulletin as in the case of Over-the-Counter (OTC) intervention, it said in a press release.

Markets is likely to witness some volatility this week as better-than-expected US macro data pushed the case for a maiden interest rate hike since 2006, next week, as higher interest rates in the US risk diverting capital back to the US.

Story first published: Thursday, December 10, 2015, 23:00 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more