Wednesday, July 10, 2013

Currency derivative clampdown: Will it really help rupee?

...........The steps that have been taken are actually in the currency Futures market, not in the larger over-the-counter (OTC) market. Traders have been saying that the RBI, by moral suasion, has made the banks compulsorily reduce their positions in OTC. However, on the currency Futures market, it has come with Sebi-imposed rules............

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