SEBI opens doors for offshore FX derivatives trading
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. ...
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