RBI intervenes in the forex market as and when required in order to manage excessive volatility and maintain orderly conditions in the market.

The data for ETCD intervention will be published in the RBI monthly bulletin as in the case of over-the-counter (OTC) management, it added further.

Earlier in March this year, RBI had relaxed norms in this segment by raising the limit for domestic entities and foreign portfolio investors (FPIs).

It had also allowed an aggregate limit of USD 5 million equivalent per exchange.

The rules were relaxed in the ETCD market so as to bring it on par with OTC markets and also provide greater flexibility to both FPIs and domestic participants.

Latest News  from Business News Desk