India considers rupee options for corporates

"We are actively considering the prospect of banks based in India being permitted to offer foreign currency-rupee options to Indian corporates as a risk management product," said the official in Mumbai. But the RBI would introduce the options in a controlled manner: "In the process the banks would be allowed to run an options book in a limited way."

The official said there is not yet a firm time-frame for the approval of foreign currency-rupee options, but added that a realistic estimate woul