Guidelines on trading of Currency Futures in Recognized Stock Exchanges

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....horized Dealers Category - I (AD Category - I) banks is invited to A.P.(DIR Series) Circular No. 05 dated August 06, 2008, permitting persons resident in India to participate in the currency futures market in India, subject to the directions contained in Currency Futures (Reserve Bank) Directions,  2008 [Notification No. FED.1/ DG (SG)-2008 dated August 6, 2008]. 2. Currently, persons resi....

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....6, 2008 has been issued. A copy of the Notification is annexed. 4. AD Category-I banks may bring the contents of this circular to the notice of their constituents and customers, concerned. 5. This circular has been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and is without prejudice to permissions / approvals, if any, required under any oth....

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....Part III, Section 4 of the Gazette of India (Weekly) dated October 11, 2008. 1. Short title and commencement of the directions These Directions may be called the Currency Futures (Reserve Bank) (Amendment) Directions, 2010 and they shall come into force with effect from January 19, 2010. 2. Amendment of the directions In paragraph 4 of the Currency Futures (Reserve Bank) Directions, 20....