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Regulators may raise exposure cap in currency futures

Posted on 27 October 2008

From Economic Times: With the successful launch of currency futures, regulators are now looking at taking a series of measures to further deepen the currency derivatives market. Apart from introducing trading in 4-5 more currencies, the regulators — the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) — are considering raising the exposure limit for players.

Besides rupee-dollar futures, which are currently available, the regulators are planning to introduce rupee-yen, rupee-euro, rupee-yuan and rupee-pound futures as well. More players, including foreign institutional investors and non-resident Indians (NRIs), may also be allowed to operate in the market….. Full Article: Source


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