Hedge wisely on FE, RBI tells firms
Mumbai,Jan 5, DHNS:
The Reserve Bank of India (RBI), on Thursday, exhorted companies with high forex exposure to hedge effectively.
Speaking at a conference in Singapore, RBI Deputy Governor Subir Gokarn, who handles the monetary policy, said, RBI’s policy on currency was to maintain stability rather than to keep it at a particular level.
The rupee appears to be stabilising as REER (real effective exchange rate) moves towards neutral. REER is rupee’s value against a basket of currencies of India’s largest trading partners, adjusted for inflation.
