MANU/RPRL/0085/2016
Ministry : Reserve Bank of India
Department/Board : RBI
Press Release No. : 2015-2016/2193
Date : 17.03.2016
RBI Guidelines for Standalone PDs participation in Exchange Traded Currency Futures
The Reserve Bank of India today issued guidelines permitting standalone Primary Dealers (PDs) to participate in the exchange traded currency futures on approved stock exchanges subject to adherence to certain risk control measures and without diluting their existing obligations in the G-sec market. This is expected to diversify the participation profile in the currency futures market and to further deepen the market.
It may be recalled that it was announced in the Fourth Bi-monthly Monetary Policy Statement, 2015-16 of September 29, 2015 that the standalone PDs would be permitted to deal in currency futures contracts.
Alpana Killawala
Principal Adviser