12/10/ · To solicit the comments/views from stakeholders and others on the proposed foreign exchange trading platform for retail participants. 2. Introduction. The foreign exchange market in India may be broadly divided into the interbank segment and the retail segment. The participants in the interbank segment are banks holding Authorised Dealer (AD) licenses under the Foreign Exchange Forex Trading Platform “FX-Retail” from CCIL & RBI | Buyer's Credit These directions shall be called ‘The Electronic Trading Platforms (Reserve Bank) Directions, ’. These Directions are issued to the entities operating Electronic Trading Platforms (ETPs) to transact trade in eligible instruments under the Directions. They shall come into force with effect from October 05, 2
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RBI to set up forex trading platform for SMEs, get more players for Small Finance Banks. Font Size Abc Small. Abc Medium. Abc Large. On tap licensing means the applications could be submitted to the RBI at any point of time, throughout the year and licenses will be granted accordingly.
Setting out various developmental and regulatory policy measures, the Reserve Bank of India RBI on Thursday said it will create a foreign exchange trading platform for SME exporters and importers.
Unveiling its second Bi-monthly Monetary Policy Statement,the Central Bank also decided to widen the ambit of small finance banks and get more players to extend such banking facilities. RBI in its statement said that the view is to create market infrastructure that would foreign exchange trading platform rbi fair and transparent pricing for users of foreign exchange such as Small and Medium Enterprise exporters and importers, individuals, etc.
The trading platform has now been developed by the Clearing Corporation of India CCIL and is being tested by users. The foreign exchange trading platform rbi on operational guidelines for the platform shall be issued by the end of June Small Finance Banks. Read More News on RBI SMEs CCIL draft guidelines microstructure small finance banks Payments banks. The one-stop destination for MSMEET RISE provides news, views and analysis around GSTExports, Funding, Policy and small business management.
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RBI Proposes Longer Hours For Forex Trading
, time: 4:57Reserve Bank of India - Notifications
These directions shall be called ‘The Electronic Trading Platforms (Reserve Bank) Directions, ’. These Directions are issued to the entities operating Electronic Trading Platforms (ETPs) to transact trade in eligible instruments under the Directions. They shall come into force with effect from October 05, 2 On June 6, , the Reserve Bank of India (RBI) announced to set up a foreign exchange trading platform for retail participants. This is to create a market infrastructure that ensures fair and transparent pricing for users of foreign exchange like Small and Medium Enterprises (SME) exporters & importers and individuals. Key Points These directions are called ‘The Electronic Trading Platform (ETP) Directions, ’ and are issued in exercise of the powers conferred under section 45W of the RBI Act, 2. No entity shall operate an ETP to trade any instrument covered under Section 45 (W) of the RBI Act, without prior authorisation of the Reserve Bank under these directions
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