RBI, BIS gain access to China interbank foreign exchange market
Second batch of official investors receive permission to trade FX spot and derivatives onshore
Seven central banks and international financial institutions, including the Reserve Bank of India (RBI) and the Bank for International Settlements (BIS), have gained access to China's interbank foreign exchange market, allowing them to carry out spot and derivatives transactions onshore for the first time.
The group – which also comprises the Bank of Korea, Monetary Authority of Singapore, Bank Indonesia, Bank of Thailand and the International Finance Corporation – is the second batch of
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