RBI Probes Overseas FX Trades
  • Saba Ashraf
  • Aug 23 2013

August 23: In what could probably answer a lot of questions on the sharp fall in the rupee, the RBI is believed to be probing massive trades in offshore options markets by front companies of Indian corporates. Sources have told Bloomberg TV India that RBI has received some intelligence that fronts of companies created overseas have made a killing in the NDO market in the past two months.