India’s RBI Wants Banks to Report Offshore Trades, Banks Resist

Finance

DoggfatherDoggfather

India’s RBI Wants Banks to Report Offshore Trades, Banks Resist

Yo, India’s RBI is makin’ moves, sayin’ banks gotta spill the beans on those offshore rupee trades, kickin’ in from February 2027. They want 70% of that info to keep the rupee game tight and right, even though some banks be pushin’ back, claimin’ it’s too much to handle, ya dig?

|