FEMA Circular Stresses Risk Management, Currency Exposure, and Transparency in Inter-Bank Transactions for Financial Stability.

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....A recent circular from FEMA emphasizes the importance of risk management, currency exposure, and transparency in inter-bank transactions to ensure financial stability. The directive outlines the need for banks to adopt robust risk management practices, effectively manage currency exposure, and maintain transparency in their dealings with other banks. This approach aims to mitigate potential financial risks and enhance the overall stability of the financial system.....