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RBI Vs SEBI On Currency Derivatives

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August 8: A fierce turf war seems to have broken out at Wednesday's FSDC sub-committee meeting that was chaired by RBI Governor D. Subbarao and attended by his successor Raghuram Rajan, SEBI Chairman U.K. Sinha and Economic Affairs Secretary Arvind Mayaram. Bloomberg TV India learns that the RBI and SEBI are at loggerheads over regulation of currency derivatives, with RBI seeking to clampdown on what it sees as speculative trading.