Guidelines on trading of Currency Futures in Recognized Stock Exchanges

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..... is invited to A.P.(DIR Series) Circular No. 05 dated August 06, 2008, permitting persons resident in India to participate in the currency futures market in India, subject to the directions contained in Currency Futures (Reserve Bank) Directions, 2008 [Notification No. FED.1/ DG (SG)-2008 dated August 6, 2008]. 2. Currently, persons resident in India are permitted only to trade in US Dollar (USD) .....

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..... D Category-I banks may bring the contents of this circular to the notice of their constituents and customers, concerned. 5. This circular has been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and is without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, Salim Gangadharan Chief General Manager-in-c .....

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..... le and commencement of the directions These Directions may be called the Currency Futures (Reserve Bank) (Amendment) Directions, 2010 and they shall come into force with effect from January 19, 2010. 2. Amendment of the directions In paragraph 4 of the Currency Futures (Reserve Bank) Directions, 2008, (i) in clause (a), after the words "Only USD-INR", the comma and words, ", Euro-INR, Pound .....

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