· The platform, FX-Retail, is ready for rollout by the Clearing Corporation of India Limited (CCIL) on August 05, 2. The issue of transparent and fair pricing for retail users (individuals and Micro, Small and Medium Enterprises) in the foreign exchange market has been raised in various fora and in public interactions · Rollout of the foreign exchange trading platform for retail participants – FX-Retail. Please refer to the Statement on Developmental and Regulatory Policies dated June 06, , announcing the introduction of an electronic trading platform for buying/selling foreign exchange by retail customers of banks. The platform, FX-Retail, is ready for rollout by the Clearing Corporation of India Limited (CCIL) 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
Rollout of foreign exchange trading platform for retail participants– FX-Retail
Reserve bank of India RBI has announced the setting up of an online trading platform that would ensure fair and transparent pricing for users of foreign exchange, such as small and medium enterprise SME exporters and importers, individuals, etc. RBI sets up foreign exchange trading platform for retail participants 07 June Reserve bank of India RBI has announced the setting up of an online trading platform that would ensure fair and transparent pricing for users of foreign exchange, such as foreign exchange trading platform rbi and medium enterprise SME exporters and importers, individuals, etc.
The trading platform, which has been developed by the Clearing Corporation of India CCILis being tested by users. The platform will be available to users for transactions from early AugustRBI said.
The circular on operational guidelines for the platform shall be issued by the end of JuneRBI said. RBI has also proposed to rationalise existing regulations covering different money market products with a view to improve transparency and safety of money markets. It would also bring consistency across products in terms of issuers, investors and other participants, RBI said, adding that a draft direction on money market will be issued for public feedback by the end of July The Reserve Bank has issued regulations over time covering different money market products — call money, repo, commercial paper, foreign exchange trading platform rbi, certificates of deposit and other debt instruments with original maturity less than one year, etc.
RBI said foreign exchange trading platform rbi measure will be implemented in consultation with the respective state governments. Meanwhile, RBI has decided to constitute an Internal Working Group to review comprehensively the existing liquidity management framework and suggest measures, among others, to:.
The Reserve Bank's liquidity management framework was last reviewed in While on the whole the current liquidity management framework has worked well, foreign exchange trading platform rbi, RBI noted that it has also become somewhat complex.
An assessment of liquidity position by different market participants has varied markedly and is not always in sync with the actual systemic liquidity position in the economy, it pointed out.
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, time: 14:19From Electronic Trading Platforms to Stock Exchanges; list of proposals made by RBI | Zee Business
· RBI sets up foreign exchange trading platform for retail participants. 07 June Reserve bank of India (RBI) has announced the setting up of an online trading platform · The reserve bank of India (RBI) has announced the rollout of a foreign exchange trading platform for retail participants. The circular on operational guidelines for the platform shall be issued by June-end, it added. The central bank said that the platform had been developed by the Clearing Corporation of India (CCIL) and was being tested by users · The Reserve Bank of India on Thursday released a discussion paper on foreign exchange trading platform for retail participation seeking comments from stakeholders
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