India regulators tighten rules on currency derivatives

07/9/2013 | Reuters · Bloomberg · Hindu (India), The

On Monday, the Reserve Bank of India banned banks from making trades with their own money in domestic currency futures and exchange-traded options. Additionally, the Securities and Exchange Board of India made the margin requirement on the domestic dollar-rupee forward trade 100%, effectively forcing traders to pay the entire expense of any trade at the time of execution. SEBI also instituted further restrictions on all open interest dollar-rupee trades.

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Reuters · Bloomberg · Hindu (India), The

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