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Central bank says no to FIIs in currency futures

Mon, 15 Feb 2010 19:14:07 GMT | Business Standard

The Reserve Bank of India (RBI) is not in favour of foreign institutional investors entry into currency derivatives, even as the futures market for currencies and commodities segments continues to grow strongly.


Bill would ban federal currency in SC

Thu, 18 Feb 2010 19:18:16 +0000 | Newsvine

South Carolina will no longer recognize U.S. currency as legal tender, if State Rep. Mike Pitts has his way.


South Carolina Lawmaker Seeks to Ban Federal Currency - CBSNews

Thu, 18 Feb 2010 18:03:38 +0000 | Newsvine

South Carolina Rep. Mike Pitts has introduced legislation that would mandate that gold and silver coins replace federal currency as legal tender in his state.


ASE Capital to launch currency derivative futures in April

Tue, 23 Feb 2010 19:28:00 GMT | Business Standard

ASE Capital Markets Ltd (ACML), a subsidiary company of Ahmedabad Stock Exchange Ltd (ASEL), hopes to start currency derivatives futures (CDF) and interest rate futures (IRF) in April this year.


Arvind Subramanian: Multilateralism on currency issues

Tue, 23 Mar 2010 19:15:19 GMT | Business Standard

Back in 1971, the then US Treasury Secretary, John Connolly, told his European counterparts that the dollar was our currency, but your problem. Today, it seems that China has returned that favour. Its currency has become a problem for the US. Not just the politics but the intellectual climate has become charged with even Nobel laureate Paul Krugman urging strong trade action against China. Treasury Secretary Tim Geithner has a damned-if-I-do-damned-if-I-dont choice facing him in mid-April, when he is required by law to pronounce on whether China is a currency manipulator.


Fake currency contagion continues to flourish

Fri, 26 Mar 2010 18:49:52 GMT | Business Standard

The instances of fake currency detection continue to occur despite a slew of measures initiated by the Reserve Bank of India (RBI) in recent months. According to investigating agencies, the recently recovered Rs 2 crore in fake currency in Mughalsarai, is just the tip of the iceberg.


BSE to introduce currency trading from May

Fri, 26 Mar 2010 18:45:26 GMT | Business Standard

The Bombay Stock Exchange (BSE) was set to start trading in currency derivatives by the first week of May after getting the Securities and Exchange Board of Indias (Sebis) approval, said a source familiar with the development.


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