Welcome to ixamBee
Continue with your mobile number
The Reserve Bank modified and consolidated guidelines for banks on unhedged foreign currency exposures of any entity to prevent losses due to heightened volatility in the forex market. The RBI has, from time to time, issued several guidelines, instructions and directives to the banks on Unhedged Foreign Currency Exposure (UFCE) of the entities, which have borrowed from banks. In the wake of a bank seeking clarification on various aspects related to UFCE, the RBI announced that a comprehensive review of the extant guidelines has been undertaken and all the existing instructions on the subject have been consolidated.These instructions shall come into force from January 1, 2023.In an explanatory note, the RBI explained unhedged foreign currency exposure of any entity is an area of concern not only for the individual entity but also for the entire financial system.
Nauroz is celebrated by which of the following communities in India?
Which Indian organization won three Gold Awards at the International Convention on Quality Control Circles (ICQCC-2024)?
Who became India’s first civilian space tourist?
India became the first country to surpass the $100 billion mark in remittances in 2022. Which of the following factors has likely contributed the most t...
Which of the following is true regarding the Tamil Nadu assembly's recent passing of the Bill seeking amendment in the Factories Act, 1948 , extending d...
Which financial institution has partnered with Accenture to create a scalable and secure enterprise data lake platform, aiming to enhance its operationa...
‘Bhraman Sarathi’ buses were recently launched by which Indian state/UT?
Recently India has signed a film treaty with which country?
________ has announced its partnership of the tie-up of extended warranty products with OLA Electric aiming to transform the total ownership of OLA cu...
Rating agency Moody's has upgraded the long-term local and foreign currency deposit ratings of how many public sector banks from "Ba1" to "Baa3", reflec...
