India's central bank tightens rules on rupee non-deliverable contracts, widens 20% cash reserve requirement

Oct 12 (Reuters) - The Reserve Bank of India on Monday tightened rules on rupee non-deliverable derivative contracts, limiting overseas clients to using them only for hedging, and widened a 20% cash reserve requirement to banks' own rupee currency hedges.

Reporting by Chris Thomas in Mexico City; Editing by Anil D'Silva

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