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Regulation 3 - Prohibition - Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000Extract 3. Prohibition :- Save as otherwise provided in these Regulations, no person in India shall enter into a foreign exchange derivative contract 1 [or currency futures] without the prior permission of the Reserve Bank. ************** Notes : 1. Has been inserted vide Notification No. 177/RB-2008 dated 1/8/2008
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