Current Affairs · Financial Market Regulations
With reference to the Reserve Bank of India's (RBI) guidelines on participation in the non-deliverable rupee derivative markets, consider the following statements: 1. Standalone Primary Dealers (SPDs) authorized as Authorised Dealer Category-I (AD Cat-I) banks can participate in Non-deliverable Derivative Contracts (NDDCs) involving the Indian Rupee. 2. Eligible market entities operating in International Financial Services Centres (IFSCs) are permitted to engage in NDDC transactions. 3. The regulations restrict domestic participants from accessing these derivative contracts entirely, allowing operations only for non-residents. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 22 only
- 31 and 3 only
- 41 and 2 only✓
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1 and 2 only
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