India cbank allows importers to book forward forex contracts up to 50 pct of eligible limit

MUMBAI Tue May 27, 2014 9:30am EDT

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MUMBAI May 27 (Reuters) - India's central bank on Tuesday allowed importers to book forward forex contracts up to 50 percent of the eligible limit in an effort to facilitate greater hedging flexibility.

The permitted limit so far has been 25 percent, the Reserve Bank of India said in a statement. (Reporting by Nandita Bose; Editing by Subhranshu Sahu)

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