Can Punters Outwit RBI This Time?

Hundred years ago punters in Bombay made and lost fortunes by betting on cotton futures traded on exchanges in Liverpool, New York and Alexandria. Information flowed with a lag, orders were posted through telegrams and those with access to ticker tapes tracked the price movements that swung, as they do even today, with the hint of a war or crop failure. A decade ago, when the Reserve Bank of India opened the doors to overseas bourses, allowing individuals to freely invest money across the border, it was like the return of a lost era........

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