RBI does not want speculators in the pulsating currency trading market
The worry is that RBI’s latest circular will create a lull in a market whose daily volume touched $5 billion and dry up volumes by over 80%.

Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in
You may also like
IndusInd Bank’s near Rs 2,000 cr financial dent was caused by ‘incorrect accounting’
An independent investigation, in its report, blames the notional recording of profits by the bank in its internal derivatives trades.
Decoding SEBI’s new skin-in-the-game regulations for AMCs
While paying heed to the growing concerns of mutual funds around how mandatory investment norms are affecting junior employees, the market regulator has ensured the industry remains accountable to investors.
SEBI’s new norms for research analysts: incentive or impediment?
Some research analysts have announced a closure of operations, fearing higher compliance costs. But it may be too soon to take such a call.