<h1>RBI Proposes New Rules to Prevent Market Abuse; Seeks Stakeholder Feedback by October 31, 2018.</h1> The Reserve Bank of India (RBI) has issued draft directions to prevent market abuse, inviting feedback from stakeholders by October 31, 2018. These directions aim to align with global best practices and address undesirable market practices that distort market outcomes and affect monetary policy objectives. Key provisions include prohibiting market manipulation, benchmark manipulation, and misuse of information. Market participants are required to maintain confidentiality of sensitive information, avoid creating false market impressions, and establish policies to monitor and prevent market abuse. Violations may lead to regulatory actions, including restricted market access, after due process.