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Indian Regulator to Relax Derivatives Rules

The Securities and Exchange Board of India (SEBI), in consultation with the Reserve Bank of India (RBI), is reportedly set to relax norms in the currency derivative market.

News outlets have reported that the regulators are working together to relax the open position limit and extend the time for the market, citing a “well-placed” source as stating that circulars in this regard are expected to be out soon.

SEBI also plans to extend the trading hours in currency derivatives from 5pm until 7.30pm in response to requests from the exchange offering these products.

Galen@profit-loss.com

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