SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

RBI mulling easing FX futures curbs once rupee stabilizes

07 Oct 2013 Evaluate

The Reserve Bank of India (RBI) is mulling at easing restrictions on the forex futures market once stability improves in the foreign exchange market. 'Once stability improves in the forex market, India’s Apex Bank will look at the whole gamut of futures market,' RBI Deputy Governor H. R. Khan said on the sidelines of an event.

Illustrating the same, the deputy governor said, although there was requirement of documentation for the underlying in the OTC (over-the-counter) market, but after easing restrictions, the documentation requirement for certain small values underlying could be done away with.

Additionally, he also unveiled that RBI was is in talks with Securities and Exchange Board of India (SEBI) on making the dollar-rupee OTC and futures market trades on a delivery basis. Further, he also opined that it would be best to harmonize both the OTC and futures market, possibly with both being delivery-based.

Meanwhile, Indian rupee is currently trading at 61.93, weaker by 49 paise from its previous close of 61.44 on Friday. The currency, so far in the day has touched a high and low of 62.00 and 61.52 respectively.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×