Uncertain futures

Asia Risk FX Review & Outlook 2009 - India

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India looks set to introduce exchange-traded currency derivatives this year, perhaps by October, which would represent an important development for the subcontinent's onshore derivatives market. But certain issues are still to be ironed out by the regulators.

A committee set up by the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) - which advises on operational aspects for trading of currency futures on exchanges - formally recommended the introduction of

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