Tuesday, February 15, 2011

PARTICIPATION IN CURRENCY FUTURES & OPTIONS

It has been decided that the FFMCs and the Ads Category -II [which are not Regional Rural
Bank(RRBs), Local Area Banks (LABs), Urban Co-operative Banks (UCBs) and Non-Banking
Financial Companies (NBFCs)], having a minimum net worth of Rs.5 crore, may participate in the designated currency futures and currency options on exchanges recognized by the SEBI as clients only for the purpose of hedging their underlying foreign exposures.

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