Foreign activity in India forex futures remains low

RBI considers further action to encourage overseas firms to use India's OTC and listed markets

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The Reserve Bank of India's (RBI) relaxation of restrictions for foreigners that want to hedge their currency exposure through the exchange-traded futures market has not translated into increased interest in the market from outside India, the RBI admits.

In June this year, the RBI eased curbs on banks trading onshore foreign exchange derivatives which were introduced 12 months earlier following a sharp plunge in the value of the Indian currency. However, in a speech to the Forex Association of I

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