RBI & SEBI jointly killing currency derivatives trading!
RBI & SEBI jointly killing currency derivatives trading. Since morning no movements.
Yesterday, RBI banned currency derivatives trade by banks and Sebi raises 100%margin for non-bank traders. We can see the effect. :annoyed:
Rupee is falling mainly because of
1. India's current account deficit (Crude & Gold import etc) and
2. Bond purchase program of the US Federal Reserve, which is strengthening US economy & US dollar.
Rupee is not falling because of Currency Derivatives trading.
Illiquid markets are always more dangerous. An illiquid market will tend to push the market a little more on whichever direction it is moving.
RBI & SEBI know nothing about derivatives trading. They are just killing the currency market. :annoyed:
RBI & SEBI jointly killing currency derivatives trading. Since morning no movements.
Yesterday, RBI banned currency derivatives trade by banks and Sebi raises 100%margin for non-bank traders. We can see the effect. :annoyed:
Rupee is falling mainly because of
1. India's current account deficit (Crude & Gold import etc) and
2. Bond purchase program of the US Federal Reserve, which is strengthening US economy & US dollar.
Rupee is not falling because of Currency Derivatives trading.
Illiquid markets are always more dangerous. An illiquid market will tend to push the market a little more on whichever direction it is moving.
RBI & SEBI know nothing about derivatives trading. They are just killing the currency market. :annoyed: