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Currency guardrails: RBI tightens forex derivatives rules for banks amid rupee volatility

The Reserve Bank of India on Wednesday announced fresh restrictions on authorised dealers (ADs) in the foreign exchange market following a “review of evolving market conditions”, as the rupee remains under pressure, according to PTI.In a late-evening notification, the central bank said ADs — banks authorised to deal in foreign exchange — will not be…

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Stock market outlook: Macros in focus as GDP, IIP data due this week; Analysts flag volatility ahead of derivatives expiry

India’s equity markets are expected to see heightened volatility this week, driven by key domestic macroeconomic data releases, global market cues and foreign investor activity, analysts said. “This week, volatility may increase ahead of the November derivatives expiry. Domestically, markets will track several high-impact macro releases, including Q2 GDP data and industrial production,” Ajit Mishra,…

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Sebi directive: Regulator sets timeline for derivatives rejig on Bankex, BankNifty, and FinNifty; move to deepen sectoral representation

Markets regulator Sebi on Thursday issued fresh guidelines directing stock exchanges to realign eligibility norms and composition criteria for derivatives on non-benchmark indices such as Bankex, FinNifty, and BankNifty.According to the circular, exchanges will need to revise the composition and weights of these indices within specified timelines, PTI reported. The adjustment for Bankex and FinNifty…

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Commodity market boost: Sebi plans to boost institutional participation; derivatives and bonds in focus

Markets regulator Sebi is taking steps to enhance institutional participation in both agricultural and non-agricultural commodity markets, aiming to make them more appealing for hedging activities, its chairman Tuhin Kanta Pandey said on Thursday, PTI reported.Speaking at the Bloomberg Forum for Investment Management, Pandey said, “We are looking to enhance institutional participation to make this…

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