Question
The RBI recognised which organisation as a
Self-Regulatory Organisation (SRO) for Authorised Dealers in the foreign exchange market?ÂSolution
The Foreign Exchange Dealers’ 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 RBI’s Omnibus SRO framework.Â
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