Context
The Reserve Bank of India (RBI) released a draft Master Direction for Electronic Trading Platforms (ETPs) in the wake of increased integration of the onshore forex market with offshore markets.
Key Highlights of the Draft Master Direction - RBI (Electronic Trading Platform Directions, 2024)
Need for Regulation: The RBI's move comes in response to concerns raised about unauthorized entities offering forex trading facilities with promises of high returns.
Fact Box: About ETPs
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