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RBI defers exchange-traded currency derivatives rules
The RBI delays enforcement of regulations on exchange-traded currency derivatives by one month, prompting traders to close positions. Only traders with genuine forex exposure can engage in trading, with a focus on hedging against currency fluctuations. The circular reaffirms existing rules, emphasizing responsible participation and limiting speculative activities.
The RBI delays enforcement of regulations on exchange-traded currency derivatives by one month, prompting traders to close positions. Only traders with genuine forex exposure can engage in trading, with a focus on hedging against currency fluctuations. The circular reaffirms existing rules, emphasizing responsible participation and limiting speculative activities. 
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