Reserve Bank powers to modify participant eligibility and prudential limits to ensure orderly foreign exchange market stability. The Reserve Bank is authorised to alter eligibility criteria for market participants, adjust participant-wise position limits, prescribe or impose margins for identified participants, and establish or modify other prudential limits or take additional measures deemed necessary to protect the public interest, preserve financial stability, and ensure orderly development and maintenance of the foreign exchange market in India.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reserve Bank powers to modify participant eligibility and prudential limits to ensure orderly foreign exchange market stability.
The Reserve Bank is authorised to alter eligibility criteria for market participants, adjust participant-wise position limits, prescribe or impose margins for identified participants, and establish or modify other prudential limits or take additional measures deemed necessary to protect the public interest, preserve financial stability, and ensure orderly development and maintenance of the foreign exchange market in India.
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