Killing a market, softly: How an RBI communique could end India's thriving ETCD market
RBI faces queries on Indias ETCD market impact after Dubais rupee-dollar futures launch. Markets growth raised liquidity, regulatory concerns. RBI emphasizes ETCDs are for hedging, not speculation, potentially reshaping market dynamics.
New Delhi United Arab Emirates Shaktikanta Das Harshad Mehta Foreign Exchange Management Act Fema Foreign Exchange Management Act
Source: indiatimes.com