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Thursday, April 4, 2024

RBI defers exchange-traded currency derivatives rules

The RBI delays enforcement of regulations on exchange-traded currency derivatives by one month, prompting traders to close positions. Only traders with genuine forex exposure can engage in trading, with a focus on hedging against currency fluctuations. The circular reaffirms existing rules, emphasizing responsible participation and limiting speculative activities.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HAnib2W

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