Uncertain futures

Special Report: Foreign exchange

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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 sub-continent'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 curre

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