Friday, July 25, 2014

Trading by Banks in Currency Derivatives to be as per RBI Norms: Sebi

..........Market regulator Sebi in a circular said that "banks, whether participating in the currency derivatives segment as clients or as stock brokers, shall be guided" by the provisions of RBI. Besides, the regulator said that domestic institutional investors can take position in foreign currency up to $100 million or equivalent per exchange in the currency derivative segment..............

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