India’s central bank pushed back the implementation of its rules on exchange-traded currency derivatives by about a month, after the measure triggered
India’s central bank pushed back the implementation of its rules on exchange-traded currency derivatives by about a month, after the measure triggered panic in the market as traders tried to square off unhedged positions.
“It is emphasized that the regulatory framework for exchange-traded currency derivatives has remained consistent over the years and there is no change in the RBI’s policy approach,” the Reserve Bank of India said in a statement.
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