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Reserve Bank of India
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India forces banks to report offshore rupee tradesThe Reserve Bank of India will enforce a mandate requiring banks to report offshore rupee derivative trades despite industry resistance, targeting at least 70 percent of transactions starting Febru…Indian officials warn Iran war oil shock could match Covid disruptionSenior Indian government officials privately estimate a full Iran conflict could push oil to $150 per barrel, matching the economic disruption of Covid lockdowns. India imports 85 percent of its cr…