| Reserve Bank has set up a working group to review the guidelines for hedging of commodity price risk by residents in the overseas market amid rising volumes of cross-border trade. The working group, RBI today said, will review guidelines for hedging of commodity price risk by residents in overseas markets during the development phase of our domestic commodity derivative market.
The eight member group headed by RBI Executive Director Chandan Sinha will assess the risks faced by resident entities and their hedging requirements and also identify gaps in the existing regulatory framework in relation to the hedging requirements of commodities, participants and products...............................................Full Article: Source
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