RBI proposes currency trading platform for retail customers

Retail market will be separate from the inter-bank market; maximum order size would be $500,000

The Reserve Bank of India (RBI) on Thursday proposed retail customers’ access to the currency trading platform, and that prices should be in line with the inter-bank market through an in-built mechanism on the platform. 

In a discussion paper on its website, the central bank said the existing FX-CLEAR platform should be extended to the retail customers of through an internet-based application. 

However, the retail market will be separate from the inter-bank market. While banks can access both the institutional and retail markets, retail customers would be limited to the retail market segment of the platform. 

Both the