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Maroc Maroc - WN.COM - Environment - 16/Jan 02:48

RBI may mandate banks to set aside additional capital

Mumbai: RBI has proposed tighter capital norms to curb banks' exposure to volatility in foreign exchange and bullion markets by mandating a higher capital charge on open positions, according to draft regulations released for public comment.Under the draft rules, commercial banks will be required to maintain a 9% capital charge on their net open positions in foreign...

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