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FX DERIVATIVES
Australia imposes record $211 million fine on collapsed broker Union Standard, representativesAustralia's federal court has imposed a record A$300.2 million fine on Union Standard and its representatives. The foreign exchange broker ...
Asia’s currency fight moves offshore as central banks push backAsian central banks are intensifying efforts to curb offshore forex speculation as external pressures like high oil prices and a strong dol...
Bulls back on D-St! Sensex rallies over 940 pts, Nifty closes above 24,330. Here's whyIndian stock markets surged over 1% on Wednesday, with the Sensex and Nifty reversing early losses. This rebound was triggered by a report ...
RBI Governor Malhotra calls for deeper, more efficient financial markets as India shows resilience amid global headwindsIndian financial markets are showing strength amid global challenges. RBI Governor Sanjay Malhotra highlighted that future growth hinges on...
RBI tightens oversight on offshore rupee trades with new FX reporting rulesThe Reserve Bank of India is bringing offshore rupee derivative trades under its regulatory watch. Authorized dealers must now report over-...
India to push for reporting of offshore rupee trades despite resistance: ReportIndia plans to move ahead with a proposal mandating that banks report offshore rupee derivative trades despite objections from lenders, two...
Rupee records sharpest rise in over 12 years after RBI’s tough crackdown on forex speculation: What lies ahead?The Indian rupee surged against the US dollar, marking its sharpest single-day gain in over 12 years, following the Reserve Bank of India's...
India doubles down on curbing rupee speculation after initial steps fall shortThe Reserve Bank of India has intensified its crackdown on rupee speculation, now targeting corporate arbitrage after initial measures on b...
RBI doubles down on curbing rupee speculation after initial steps fall shortThe Reserve Bank of India has intensified its crackdown on rupee speculation, targeting corporate arbitrage after earlier measures on banks...
RBI bars banks from offering rupee non-deliverable derivatives to residents, non-residentsThe Reserve Bank of India on Wednesday directed authorised dealers to stop offering non-deliverable derivative contracts involving the I...
Unique transaction ID to be must for OTC derivatives deals: RBIThe Reserve Bank of India will mandate unique transaction identifiers (UTIs) for all over-the-counter derivative trades starting January 1,...
Bank of Baroda launches digital foreign exchange platform bob FxOne for instant transactionsBank of Baroda has introduced bob FxOne, a digital foreign exchange platform tailored for corporate and MSME clients. This platform streaml...
FX derivatives fiasco puts spotlight on regulatory risk in IndiaUntil recently, traders were betting freely on the rupee’s rise and fall without holding underlying assets. A rule that allowed transaction...
Banks must play bigger role in rupee derivatives: RBI"Participation of domestic banks in derivative markets remains limited with only a small set of active market-makers... Domestic banks are ...
RBI defers implementing FX derivatives rules to May 3RBI had tightened rules on currency derivatives with the aim of curbing speculative trading. This would offer some short-term relief as mar...
RBI stance on underlying exposure for FX derivatives unchanged, sources sayThe Reserve Bank of India (RBI) has not materially changed its stance on exchange-traded rupee derivatives and neither has it asked brokera...
India's FX derivatives market faces crushing blowA new rule set to take effect on April 5 is expected to force out most of the market’s most active players, drying up volumes that reached ...
RBI refines extant framework for FX hedge to enhance efficiency, ease of accessBased on the feedback from the market, the regulatory framework has been made more comprehensive by consolidating directions for all types ...
Merisis Wealth appoints Shobit Gupta as head of fund managementMerisis Advisors is over a decade old boutique investment banking firm with a track record of $3 billion in total transaction value across ...
- Singapore Exchange to add rupee/dollar contract to Forex futures
SGX will add Asian foreign exchange (FX) futures, including Indian rupee/US dollar contract, to its derivatives market in the third quarter...