Real-time online trading in MRPL

Mangalore Refinery and Petrochemicals (MRPL) has installed a Reuters Dealing Terminal (RDT) in their premises, a cutting-edge initiative in Forex trading.

According to a press release, the company will now do real-time trading online for Forex, minimising operational risks and undertake direct tapping into the liquidity in the market.

MRPL Director (Finance) Lalit Kumar Gupta inaugurated the online trading on August 29 and said that the company has crossed a new threshold in risk management, operational efficiency and effective implementation of the Forex policy, the release stated.

The company made a purchase of US$ 5 million in which leading banks from public and private sector and international markets participated, the release added.