Foreign banks are reportedly reclassifying arbitrage deals, impacted by RBI’s rupee speculation clampdown, as hedges for capital from overseas parents. This move aims to circumvent the $100 million net open position limit imposed by the regulator. The RBI may scrutinize these reclassifications based on timelines and documentation.
Deepak Nitrite shares jump 4% after Q1FY27 profit jumps 209%, revenue rises 36% YoY
Deepak Nitrite shares climbed over 4% after the company reported a more than threefold jump in June-quarter net profit and strong revenue growth. Investor sentiment