Press Releases

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Date : Apr 28, 2008
RBI releases Final Report of the Internal Working Group on Currency Futures

The Reserve Bank of India has today released the Report of the Internal Working group on Currency Futures. In the context of the need for greater flexibility for hedging exchange rate risk, an Internal Working Group had been set up, following an announcement in the Annual Policy Statement for the year 2007-08, to suggest a suitable framework to operationalise the proposal to introduce currency futures in line with the current legal and regulatory framework. The draft Report of the Working Group was placed on the website on November 16, 2007 for public comments. The views and comments received from a cross section of public, banks, market participants, academicians and Government of India were presented to the Technical Advisory Committee on Money, Foreign Exchange and Government Securities Markets (TAC). Taking into account the feedback received from the public and expert views of the TAC, the Report has been suitably revised and has been released today. The report is available on RBI website at www.rbi.org.in

Alpana Killawala
Chief General Manager

Press Release : 2007-2008/1393


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