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RBI allows forward contract in all transactions

Last Updated: Monday, January 13, 2014, 21:04

Providing operational flexibility in external sector, the Reserve Bank Monday allowed forward contracts in all current and capital account transactions up to one year.

RBI to examine proposal for limiting free ATM transactions

Last Updated: Sunday, January 12, 2014, 19:11

The Reserve Bank will consider reducing the number of free ATM withdrawals, as recommended by Indian Banks' Association, in an effort to cut down on cash transactions in the economy.