Key Points
MUMBAI - The Reserve Bank of India (RBI) has deferred the implementation of currency derivative regulations by a month to May 3..
RBI had tightened rules on currency derivatives to curb speculative trading...
The central bank had directed stock exchanges to inform users that trading in currency derivatives up to $100 million equivalent across all currency pairs can be done only if they have exposure to a valid underlying contracted exposure...
It is emphasised that the regulatory framework for ETCDs (exchange traded currency derivatives) has remained consistent over the years and that there is no change in the RBIs policy approach, the central bank said...
The revised rules still align with the RBIs broader foreign exchange management policy as the central bank is taking measures to ensure no major swings in the rupee in the run-up to the inclusion of Indias bond in global indexes from June...
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