Discussions
Question
Current Affairs
What recent directive has the Reserve Bank of India (RBI) issued regarding banks?
Official answer & explanation
A
To engage in non-deliverable derivative contracts.
B
To refrain from engaging in non-deliverable derivative contracts.
C
To promote offshore speculative activities.
D
To reduce regulatory oversight in the currency market.
Why this is correct
🔍 The RBI aims to strengthen regulatory oversight to stabilize the rupee 💱 and prevent speculative activities affecting its value. 🛡️ This move is pivotal for ensuring market integrity! 💪
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