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      Question

      Currency futures are regulated

      by?
      A FMC Correct Answer Incorrect Answer
      B RBI Correct Answer Incorrect Answer
      C SEBI Correct Answer Incorrect Answer
      D RBI and SEBI jointly Correct Answer Incorrect Answer
      E SEBI and FMC jointly Correct Answer Incorrect Answer

      Solution

      A currency future, also known as FX future, is a futures contract to exchange one currency for another at a specified date in the future at a price (exchange rate) that is fixed on the purchase date. RBI in association with SEBI regulates Currency Futures.

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