Risk Management and Inter-bank Dealings

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Full Text of the Document

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....ied that if an FII wishes to hedge the Rupee exposure of one of its sub-account holders, it should be done on the basis of a mandate from the sub-account holder for the purpose and that the AD bank should verify the same along with the eligibility of the contract vis-a-vis the market value of the securities held in the concerned sub-account. 2. In this context, the Reserve Bank has been receiving....