Question

Name the organization of India that issued norms for currency swap window from Mumbai

Answer 1

RBI issued norms for currency swap window from Mumbai.

hope it helps.

Answer 2

Explanation:

It was the Reserve Bank of India's mid-year Credit Policy of 1997 which paved the way for U.S. dollar/Indian rupee currency swaps. The Reserve Bank of India allowed entities in India--only some offshore entities can access the markets--to hedge long-term foreign currency exposures by entering swaps with banks in India.