SEBI opens doors for offshore FX derivatives trading

India flag adobe 230x150
By Ross Lancaster
04 Feb 2020

The Securities and Exchange Board of India (SEBI) has given the go-ahead for trading in rupee futures and options, allowing the development of offshore markets in the products.

On Monday, SEBI announced that regulatory approvals for the derivatives to be traded on stock exchanges in international financial services centres had been reached. 

SEBI released guidelines for the offshore trading of the products in 2015 and, since then, the Reserve Bank of India (RBI) has backed the move. ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial