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of <h1>Indian Nationalized Banks Authorized for Forex Trading, RBI Confirms; Profit/Loss Details for 2009-12 Released.</h1> Nationalized banks in India are permitted to engage in foreign exchange trading, as confirmed by the Reserve Bank of India. The Minister of State for Finance disclosed in a written response to the Rajya Sabha that details regarding the profits and losses from these operations for the financial years 2009-10, 2010-11, and 2011-12 are provided in an annex.
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