currency options

What are Currency Options? Currency Options are contracts that grant the buyer of the option the right, but not the obligation, to buy or sell underlying currency at a specified exchange rate during a specified period of time. For this right, the bu Full Article

RBI/2010-11/248 DBOD.No.BP.BC.51 / 21.06.101 / 2010-11, October 28, 2010 The Chairman and Managing Directors /Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs and LABs) Dear Sir, Introduction of Exchange Traded Currency Options –Permitting Banks to Participate in Currency Options on Recognized Stock / New Exchanges Please refer to RBI/2010-11/147 A.P. (DIR Series) Circular No. 05 dated [...] Full Article

RBI/2010-11/236 UBD.BPD.(PCB). Cir. No  4 /16.12.000/2010-11, October 11, 2010 The Chief Executive Officer, All AD Category – I Primary (Urban) Cooperative Banks. Dear Sir, Guidelines on Trading of Currency Options on Recognised Stock / New Exchanges – Participation of UCBs Reserve Bank of India has issued Guidelines on Trading of Currency Options on Recognised Stock [...] Full Article

The Reserve Bank of India has, today, placed on its website the draft guidelines on OTC Foreign Exchange Derivatives and Hedging Commodity Price Risk and Freight Risk overseas (Annex) for public comments. Full Article