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August 2013

A. P. (DIR Series) Circular No. 07 dated July 08, 2013

By Gaurang Gandhi, Chartered Accountant
Reading Time 1 mins
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Risk Management and Inter Bank Dealings

This circular prohibits banks from banks from carrying out any proprietary trading in the currency futures / exchange traded currency options markets. Thus, banks can undertake transactions in these markets only on behalf of their clients.

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