The Reserve Bank of India (RBI) published its Report of the Internal Working Group
On Currency Futures this week. In a nutshell, the central bank says it will allow the introduction of currency futures based on the rupee (INR).
“In sum, as the Indian economy becomes more open to the forces of globalization, the liberalization in the currency market segment with appropriate checks and balances and adequate regulations with a focus on implementation and supervision would help the Reserve Bank to conduct its monetary policy in a more flexible manner.
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