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    Question

    The RBI recognised which organisation as a

    Self-Regulatory Organisation (SRO) for Authorised Dealers in the foreign exchange market?┬а
    A FIMMDA Correct Answer Incorrect Answer
    B FEDAI Correct Answer Incorrect Answer
    C AMFI Correct Answer Incorrect Answer
    D IBA Correct Answer Incorrect Answer
    E NSE Correct Answer Incorrect Answer

    Solution

    The Foreign Exchange DealersтАЩ Association of India (FEDAI) has been recognised by the RBI as a Self-Regulatory Organisation (SRO) for all Authorised Dealers in the foreign exchange market. FEDAI has been given one year to align with RBIтАЩs Omnibus SRO framework.┬а

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