Current Affairs · Banking and Finance
In a move to deepen financial markets, RBI extended participation rights in the non-deliverable rupee derivative segment. With reference to this change, consider the following statements: 1. Standalone Primary Dealers (SPDs) authorised as Authorised Dealer Category-III (AD Cat-III) can now undertake Non-Deliverable Derivative Contracts (NDDCs) involving the Indian Rupee. 2. Earlier, only AD Category-I banks with International Financial Services Centre (IFSC) units could engage in such contracts. 3. The amendment restricts SPDs to transact only with non-residents. Which of the statements given above is/are correct?
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