Foreigners can participate in domestic fx derivatives market: RBI

India Infoline News Service | Mumbai |

Detailed operating guidelines will be issued separately.

With a view to improving the depth and liquidity in the domestic foreign exchange market, it has been decided to allow foreign portfolio investors to participate in the domestic exchange traded currency derivatives market to the extent of their underlying exposures plus an additional US$ 10 million. Furthermore, it has also been decided to allow domestic entities similar access to the exchange traded currency derivatives market. Detailed operating guidelines will be issued separately.
 

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