Question

What was the primary focus of the new RBI directive

Q: What was the primary focus of the new RBI directive regarding gold hedging?

TheRBIdirectiveexpandinghedgingoptionswasprimarilyaimedatfacilitatingmoreefficientriskmanagementforentitiesdealingwithgoldpriceexposuregivingthemadditionalflexibilityinhedgingstrategies

regarding gold hedging?

A To increase gold reserves in banks

B To stabilize the Indian Rupee

C To facilitate more efficient risk management for entities dealing with gold price exposure

D To curb illegal gold trading

E To promote gold as the main form of currency

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SEBI Grade A

Question

What was the primary focus of the new RBI directive

Solution

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