Reserve Bank of India vide Notification dated 20 January 2020 has permitted Rupee derivatives (with settlement in foreign currency) to be traded in International Financial Services Centres (IFSCs), starting with Exchange Traded Currency Derivatives (ETCD).
Currency future contracts may be listed on recognized stock exchanges at IFSCs subject to the Currency Futures in International Financial Services Centre (Reserve Bank) Directions, 2020 issued as Annexure to this Notification.
Currency options contracts may be listed on a recognized stock exchanges at IFSCs subject to the Currency Options in International Financial Services Centre (Reserve Bank) Directions, 2020 issued as Annexure to this Notification.
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