RBI's Reddy urges firms to disclose fx exposure

India's central bank governor called on companies to make more disclosures on their exposure to foreign exchange and derivative products on Friday.

"While the banks' risk exposures and their risk-management strategy is usually an item of public disclosure, there is a corresponding need for corporates too to make adequate disclosures regarding their risk exposures, specially to derivatives and foreign exchange," Yaga Venugopal Reddy told a banking seminar.

"This would enable the banker to assess