RBI has allowed Banks to participate in
currency futures market. The AD Category I Banks which fulfill stipulated
prudential requirements are eligible to become a clearing member and / or
trading member of the currency derivatives segment of MCX-SX. AD Category I
Banks which are urban co-operative banks or state co-operative banks can
participate in the currency futures 09 market only as a client, subject to
approval thereof, from the respective regulatory department of RBI.
